Legal charges

stamp duty for purchase of asset would be capitalized

othervise revenue under the head legal charges

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

rajni kant is right

rajni kanth is right

Franking charges to be capitalised with the cost of asset or to be charged to P& L

Originally posted by : Rajnikant Vadigoppula
	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

 I Agree

It attract TDS for Legal charges or not