Please share thoughts on accounting treatment of expenditure incurred in connection with additional share capital raised. For instance, advisory services provided by an investment bank. Can this be adjusted against share premium or it should form part of P&L.
20 February 2020
income tax versus accountancy. They may NOT go hand in hand. The answer is based on income tax. As per the Accounting, you have the choice to treat it as deferred revenue expenditure to be charged to Profit and Loss account over the life of the expenditure. But share premium? Can you please share your views on this?
CAclubindia
