Tally

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA Rajesh Keshri (CA)     21 June 2011

Legal charges

Does stamp duty payments or franking charges should be treated as legal charges for accounting entry?


 8 Replies

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     22 June 2011

stamp duty for purchase of asset would be capitalized

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     22 June 2011

othervise revenue under the head legal charges

Rajnikant Vadigoppula

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

satish kumar

satish kumar (accountant)     23 June 2011

rajni kant is right

CA.Sampath Rao

CA.Sampath Rao (In Practice)     23 June 2011

rajni kanth is right

Priyanka Bhatnagar

Priyanka Bhatnagar (Accounts & Finance)     23 June 2011

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

Anoopa H P

Anoopa H P (Member of ICAI CS Executive)     23 June 2011

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

Vishal (A/c)

Vishal (A/c) (Accountant)     31 January 2019

It attract TDS for Legal charges or not


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags