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Loan Processing fees Capitalize or not


Rs.2,83,562 bank loan processing fees and RS.5,49,361 Bank CGTMSE Scheme fees paid in February,2020 for loan of purchase of plan and machinery but plant and machinery put to use in July,2020.
So whether Processing fees and cgtmse fees capitalized or not?


Capitalize as it related to capital asset.

Thank You..............


Bajaj Finserv

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