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 1 year ago in Income Tax from Bangalore, Karnataka
Yes
Vijay N. Kale
CA, Hyderabad
248 Answers
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Yes you can capitalize the processing fees to the cost of acquisition of Property.
Shyam Sunder Modani
CA, Hyderabad
955 Answers
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