processing fee of loan for purchase of immovable property
This query is : Resolved
17 June 2010
Sir, Can we treat the processing fee paid on loan taken for purchase of immovable property(more of land and less of building)and stamp duty charges for loan documentaion as revenue expenditure instead of adding it to value of property.Thanks in advance.
Aditya Maheshwari
(Expert)
17 June 2010
Loan processing fees and other expenses relating to availment of laon should be expensed out.
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