Calculate the amount of rebate u/s 87A in the case of a resident individual having a total income of Rs. 300000 for the A.Y. 2019 - 2020: Rs. 10000 Rs. 2500 Rs. 30000 Rs. 5000

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A: Lease liability refers to obligation of the company requires to pay periodic lease payment on the le...

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Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.