Accounting tretment for stamp duty paid for increase in authorised share capital

AS 873 views 1 replies

Dear Respected Members ,

I have a query regarding accounting treatment for expenses incurred on  stamp duty paid  for increase in authorized share capital .

In my case our one foreign company is contributing capital to our company as they will become our holding company after contributing such amount , as there share in issued capital will be more than 50 % . Afterwards some P&M will be purchased for expansion of business . 

My query is whether we should expended off this amount in current year only or we should amortize it .

Thanks in Advance  

 

Replies (1)
can any body tell me which are the reserves can be used for creation of crr at the time of buyback and redemption


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register