Accounting entry for international legal expenses paid.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2015
Hello,
This forum is really helpful. I appreciate the time and efforts the experts put. God Bless & kudos to everyone!!

I will be grateful if I can get a concrete answer to the following query...

My Question is...
What will be the Accounting entry & simultaneously the Income tax effect in India for International legal expenses paid for acquiring Nationality of a foreign country?

Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2015 Capital a/c dr.
To Bank a/c

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