DEDUCTION OF ARRANGER FESS, Income Tax

[S.C. WADHWA]

A company X took loan from finance company and paid 1 lac as arranger fees to it for procurement of loan.

X gave the loan to another person named Y and charged interest at rate charged by finance company plus 1%.

Query is

Whether arranger fees so paid shall be added back in computation of book profit income from business or profession

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.