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Reg. Expenses on increasing the Authorised Capital

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(Querist)
26 August 2009 Friendz...

Please do tell me the accounting treatment for expenses like Stamp Duty, License Fee .... incurred in the context of raising the 'Authorised Capital'?????? Thanks in advance!!!
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Deepali

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Deepali (Expert)
26 August 2009 It should be debited to Profit and Loss Statement but will be dis-allowed in the Income tax as being the expenditure of Capital Nature..
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