Capitalisation of bank charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2014
Bank Charges on Demand Draft which is used for the payment of Stamp duty for purchase of land should be capitalized ?
04 June 2014
No doubt at all. (When it comes to Income Tax, there are various case laws.....allowing such capital expenditure as revenue expenditure in case of EXISTING company)
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