banner_ad

Investment account As-13

Others 273 views 4 replies
If taxes paid on investment are refundable then what will be the treatment for this ? as per AS-13
Replies (4)

This standard does not deal with taxes like capital gains and no treatment. It does however checks and treats deferred tax treatments.

Please provide the full context.

@ manish sir
if a firm/company make an investment in share of another company of 10,000 share @ rs.20 each and suppose the taxes paid of rs 1000 to purchase it is refundable then what will be the cost of acquisition to be debited in investment account

Is it a hypothetical situation?
What is the nature of the tax levied on investment and also refundable?

Anyway, anything refundable is not part of the cost.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details