BORROWING COST ?

This query is : Resolved

Nitin Agrawal (Querist)
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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

Gokul Sharma (Expert)
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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

Gokul Sharma (Expert)
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23 September 2019
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