CA ADITYA SHARMA (CA IN PRACTICE ) 22 June 2011
stamp duty for purchase of asset would be capitalized
Rajnikant Vadigoppula (CA, CS And CMA Final) 22 June 2011
yes stamp duty is a legal charge.
if it is incurred for purchase of asset then it is to be added to cost of asset otherwise it should be transferred to profit and loss a/c
Priyanka Bhatnagar (Accounts & Finance) 23 June 2011
Franking charges to be capitalised with the cost of asset or to be charged to P& L