Whether Stamp Duty Charges on Moveable Property can be capitalized?
This query is : Open
27 July 2021
We have paid Stamp Duty charges to Govt. Authority relating to transfer of Moveable Assets due to demerger. Whether such amount is need to be capitalized or to be expensed out?
27 July 2021
Yes, capitalise to the concerned asset.
27 July 2021
As per Paragraph 53 of Ind AS 103, such expenses is required to be expensed out
27 July 2021
Go as per accounting standards.
27 July 2021
Dear Sir, For my company, Ind AS is applicable. So i am referring to Ind AS.
27 July 2021
You are right go as per applicable standard.
27 July 2021
Thanks a lot sir for your kind discussion.
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