I want to know whether stamp charges paid during acquisition of shares can be capitalised.
Menu
Capitalisation of stamp duty on purchase of shares
Replies (2)
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.
Recent Topics :
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
Related Topics :
CAclubindia
