Reg. Expenses on increasing the Authorised Capital
This query is : Resolved
CA. Savitha vijayan
(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!!!
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!!!
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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