share issue expenses during the public issue will be capitalised as per IT act but in which head will it be capitalised?
Menu
Share issue expenses
Replies (2)
HI NISHCHAL,YOU REMINDED ME MY CHILDHOOD FRIEND BY NAME NISCHAL,THANK U
COMING TO POINT
Expenditure on share issues is ideally written off to profit and loss account in the year it is incurred.
HAVE ONE MORE LINK.
No I am asking of tax treatment. in which head does the tax dept capitalise it?
Recent Threads
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
- GST - RCM - for Commercial Building Rent
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
Related Threads
CAclubindia
