Treatment of stamp duty on registration of rent agreement.
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2016
A company is entering into an 8 year rent agreement for factory building. Monthly rent is payable. Stamp duty of 10Lacs, calculated as a percentage of average annual rent is paid on registration of rent agreement. Whether it is to be capitalised or treated as expense?
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