LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Tax query

Kapil Dhiman (Accountant) (304 Points)

02 March 2015

Hi,

I have on query please help

we use stamp paper's at the time of joining of company by an employee then i want to know when we purchased these stamp paper's i have not received any bills on this then how we record's this expense and which head it is needs to be recorded ? Plz guide

Reply
Follow
Share

4 Replies

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 02 March 2015

boss... there are no bills recd by us for stamp papers usually... its paid in cash mostly... so you directly expense it

either in legal expenses, or any appropriate head ur company uses in the past

V P Narasimhan (Accounts Manager) (791 Points)
Replied 11 March 2015

Dear

At times you have to pay premium also to be paid & to be accounted in one lot.

Kapil Dhiman (Accountant) (304 Points)
Replied 16 March 2015

Hi dear ,

I have not understand your meaning plz explain in simple way

V P Narasimhan (Accounts Manager) (791 Points)
Replied 16 March 2015

Dear

Premium mean you have to pay extra money on the face value of the stamp paper. viz., for Rs: 100 stamp paper you have to pay Rs: 120 or so (availability & based on demand in the market)