BORROWING COST ?


(Querist)
22 September 2019
Dear Experts
Pls guide regarding query "Bank Processing fees & Stamp duty charges for Term Loan does form part of BORROWING COST ? "

If yes, how it will be treated in books of account ?

Thanks & Regards


Gokul Sharma (Expert)
23 September 2019
borrowing cost needs a qualifying asset. term loan is not a qualifying assets. term loan is liabilitt charge processing fee etc to profit loss account read as 16 for details

Gokul Sharma (Expert)
23 September 2019

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