Intangible asset

This query is : Resolved 
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(Querist)
23 November 2011 Franchisee fees is capitalised in the accounts.

Now the stamp duty is paid in the next year on demand from department.

How will the stamp duty paid be treated ?

Whether it should be capitalised or considered as revenue expenditure ?
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Vipul

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Vipul (Querist)
28 November 2011 Please reply.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 July 2023 "Sorry, I am not a featured member."

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https://www.caclubindia.com/catalogue/featured.asp
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