loan processing fees
This query is : Resolved
anmol bohra
(Querist)
03 February 2010
loan processing fees and stamp fees on term loan are should be treared as a revenue expenditure or that should be capitalised according to as -16,
CA Prashant Gupta
(Expert)
03 February 2010
first of all this loan should be used for acquiring qualifiying asset according AS-16 only then it will be capitalised otherwise revenue exp.
para 4 of AS-16 (c) says borrowing cost may include
amortisation of ancillary costs incurred in connection with the arrangement of borrowings
So these fees should be added in cost and capitalised
para 4 of AS-16 (c) says borrowing cost may include
amortisation of ancillary costs incurred in connection with the arrangement of borrowings
So these fees should be added in cost and capitalised
CA Vijay Kumar Gupta
(Expert)
03 February 2010
Agree with CA Prashant Gupta
CA Ravi Sisodia
(Expert)
03 February 2010
Agree
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