Treatment of stamp duty on registration of rent agreement.


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Querist : Anonymous

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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?


05 January 2017 Capitalize it and amortize it over 8 years


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