share issue expenses during the public issue will be capitalised as per IT act but in which head will it be capitalised?
share issue expenses during the public issue will be capitalised as per IT act but in which head will it be capitalised?
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?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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