Treatment of stamp duty paid on loan for expansion.
This query is : Resolved
CA Ashish Lodha
(Querist)
27 December 2013
Dear - all
What should be the treatment of stamp duty paid on expansion i.e. availing loan for the purpose of purchasing plant & machinery???
Whether the same should be capitalised or it should be expensed off in p&l????
What should be the treatment of stamp duty paid on expansion i.e. availing loan for the purpose of purchasing plant & machinery???
Whether the same should be capitalised or it should be expensed off in p&l????
27 December 2013
HI
It form part of acquisition cost & same should be capitalized.
Thanks
It form part of acquisition cost & same should be capitalized.
Thanks
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