CAclubindia

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hi my name is CA Tirth Ajani. i cleared my CA from ahmedabad in NOV 2008.Partner in Ajani & Associates since 2 years.

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Virendra Kankariya says : Capitalisation of stamp duty
We incurred expense on renewal of existing and enhancement of bank facilities by way of stamp duty on mortgage deeds and bank processing fees in last year. I want to capitalise the same. Will IT not add this in income in the current year, being expense incurred in previous year?