I want to know if legal charges paid for filing opposition proceedings for brand comes under which head.
Menu
Legal charges
Replies (7)
Other Expenses under statement of profit and loss
legal charges under Indirect Expense in profit & Loss Accounts .
@ Prasad Nilugal. Sir Please Refer schedule 3 of companies act 2013, there is no such head called indirect expenses.
yes , Piyush is correct
but it take it as intangible asset. related to brand. is it correct
Sorry for mistake due to Oversight .
Legal charges shall be disclosed under the head Other Expenses with a note in notes to accounts disclosing the nature of payment if the amount paid is substantially higher
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
