Processing fees on loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2018
We have taken the Term loan. At the time of loan sanction we have paid the processing fees of Rs. 4 L for 4 year tenure.
Can we expenses out as Bank Charges & Commission in one year? Or
We need to amortised in 4 years?
Can we expenses out as Bank Charges & Commission in one year? Or
We need to amortised in 4 years?
ASHWANI DHANUKA
(Expert)
18 February 2018
expense it out in the same year
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