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Stamp duty/registration charges of property

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(Querist)
01 August 2012 Sir,
Please advice that in my personnel books of account:- I have paid stamp duty/registration charges of commercial flat which was leasehold property. The question is that these charges can be added with flat cost or debit in flat (assets) account to increase the assets.

Please advice
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
01 August 2012 yes. Stamp duty & registration cost will be form part of asset cost. can be debited as fixed assets
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