Capitalization of Loan Processing Charges

We have obtained a loan for the purpose of purchasing a property and in this regard, whether loan processing charges can be capitalized for the cost of acquisition of such property
Asked 2 years ago in Income Tax from Bangalore, Karnataka
Yes
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale
Yes you can capitalize the processing fees to the cost of acquisition of Property.
Shyam Sunder Modani
CA, Hyderabad
1373 Answers
5.0 on 5.0
  Talk to Shyam Sunder Modani

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other questions asked by this user

Other Questions

Chartered Accountants

Abhishek Dugar
CA, Mumbai
1874 Answers
5.0 on 5.0
Lakshita Bhandari
CA, Mumbai
380 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1680 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
511 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
320 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
353 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
343 Answers
4.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
633 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
598 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
404 Answers
5.0 on 5.0