Accounting treatment in books
This query is : Resolved
21 June 2013
Our Corporate client have purchased one mfg unit on slump sale basis. sales consideration is Rs.15 crore.For transfer of unit in favor of our client, it has paid Rs. 75 Lakh towards stamp duty Charges.
Also my client has taken term loan of Rs. 10 crore from Bank , hence the company has paid the processing fees, consultant fees etc.
Now my query is that what is treatment of stamp duty charges and processing charges & Consultant fees etc in their books of account after keeping in mind AS-10 & 26.
Also my client has taken term loan of Rs. 10 crore from Bank , hence the company has paid the processing fees, consultant fees etc.
Now my query is that what is treatment of stamp duty charges and processing charges & Consultant fees etc in their books of account after keeping in mind AS-10 & 26.
21 June 2013
Stamp Duty is no doubt a capital expenditure hence to be capitalized with the Unit.
Also the amount is borrowed for purchasing the Unit, hence processing fees and consultant fees also required to be capitalized.
Also the amount is borrowed for purchasing the Unit, hence processing fees and consultant fees also required to be capitalized.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
