Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Law and Procedure an e-book

Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on ICDS This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on ICDS

What is the meaning of borrowing cost?

  • Contents

Ans. Borrowing cost means interest and other cost incurred by a person in connection with the borrowing of funds. It includes commitment charges, amortised amount of discounts or premiums relating to borrowings, processing charges, charges incurred under the finance lease or any other similar arrangements. The CBDT, vide Circular No. 10/2017, dated 23-3-2017, has clarified that bill discounting charges and other similar charges are also treated as borrowing costs.​

 

Quick Updates:Latest Updates