• 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 3 years ago in Income Tax from Bangalore, Karnataka
Yes
Vijay N. Kale
CA, Hyderabad
248 Answers
12 Consultations

4.9 on 5.0

Yes you can capitalize the processing fees to the cost of acquisition of Property.
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
95 Consultations

5.0 on 5.0

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