Front End Fees Classified as Interest u/s 2(28A) of the Income Tax Act; Spread Over Loan Duration.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of front end fees - front end fee is part of interest under Section 2(28A)- interest payment was spread over the duration of the loan - Therefore, it should spread over a period of time....