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Stamp duty on transfer of capital assets on amalgamation

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2012 What should be the accounting treatment of the stamp duty paid on transfer of capital assets of the Transferor companies to the Transferee company? Can this be capitalize or charged to the Amalgamation reserve?
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Vikky Vasvani

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Vikky Vasvani (Expert)
28 August 2012 Capitalize................

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