Revenue expenditure versus capital expenditure - Bank Charges ...

Bank Charges: Upfront Fees and Prepayment Penalties Classified as Revenue Expenditure, Not Capital Expenditure.

August 1, 2012

Case Laws Income Tax AT

Revenue expenditure versus capital expenditure - Bank Charges being Upfront fee for term loan / Prepayment penalty charges - no justification on the part of the revenue to capitalize the said expenditure. - AT

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Revenue expenditure versus capital expenditure - Bank Charges ...

Bank Charges: Upfront Fees and Prepayment Penalties Classified as Revenue Expenditure, Not Capital Expenditure.

August 1, 2012

Case Laws Income Tax AT

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