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Whether Stamp Duty Charges on Moveable Property can be capitalized?

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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 July 2021 Yes, capitalise to the concerned asset.
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SAPAN PATI

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SAPAN PATI (Querist)
27 July 2021 As per Paragraph 53 of Ind AS 103, such expenses is required to be expensed out
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 July 2021 Go as per accounting standards.
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SAPAN PATI

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SAPAN PATI (Querist)
27 July 2021 Dear Sir, For my company, Ind AS is applicable. So i am referring to Ind AS.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 July 2021 You are right go as per applicable standard.
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SAPAN PATI

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SAPAN PATI (Querist)
27 July 2021 Thanks a lot sir for your kind discussion.
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