I want to know whether stamp charges paid during acquisition of shares can be capitalised.
I want to know whether stamp charges paid during acquisition of shares can be capitalised.
It's a depend upon your nature of Business...
As per AS-13 Accounting for Investments, cost of investments includes cost towards payment of duties as well. Hence Stamp duty would be required to be capitallized.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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