Capitalisation of loan processing charges
This query is : Resolved
12 July 2016
Hello,
Can we (the company) capitalize the cost incurred as Administrative Charges which is charged by the Lender Bank to the Asset?
Also, there has been an Pre-EMI payment made to the Lender Bank. So can we capitalize this Pre-EMI cost to Asset?
If not, why? and where to charge the Pre-EMI expense in the books of the company?
Can we (the company) capitalize the cost incurred as Administrative Charges which is charged by the Lender Bank to the Asset?
Also, there has been an Pre-EMI payment made to the Lender Bank. So can we capitalize this Pre-EMI cost to Asset?
If not, why? and where to charge the Pre-EMI expense in the books of the company?
12 July 2016
yes, you can very well capitalise the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- GST Registration DELHI MUMBAI
- Medical facility
- GST applicability on Shipping charges
- Refund credit after 143 (1) intimation
- Issuance of authorised capital by pvt ltd co
- TAX TREATMENT OF COMMODITY
- Incidence of Tax - TDA
- Composite medical service contract
- LLP audit under companies act
- Income tax return change regime form necessary or not?
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
