share issue expenses during the public issue will be capitalised as per IT act but in which head will it be capitalised?
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Share issue expenses
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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.
https://www.thehindubusinessline.com/todays-paper/tp-mentor/treatment-of-share-issue-expenses/article1015655.ece
No I am asking of tax treatment. in which head does the tax dept capitalise it?
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