Stamp duty paid
This query is : Resolved
26 December 2013
Hello Sir
Kindly advise regarding the payment of stamp duty on purchase of immovable property by a pvt ltd co.
1.Is that can be treated as an indirect expense or to be capitalized to the purchase value?
2. Payment of stamp duty can be claimed as deduction u/s ______ of the income tax or not by the pvt ltd co?
Kindly advise soon.
Regards
Sanjay
Kindly advise regarding the payment of stamp duty on purchase of immovable property by a pvt ltd co.
1.Is that can be treated as an indirect expense or to be capitalized to the purchase value?
2. Payment of stamp duty can be claimed as deduction u/s ______ of the income tax or not by the pvt ltd co?
Kindly advise soon.
Regards
Sanjay
26 December 2013
it is to be added to the cost of the asset. capitalise it.
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