HI,
Whether stamp duty paid by company on issue of shares (in response to request of rematerialisation by share holder) is an expense allowable under income tax act or not.
Regards
Chandrashekhar Laddha
+91 99252 37250
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Stamp Duty on issue of share - Disallowed
Replies (3)
this will be capitalised in the value of capital...
Thanks Vivek.
But I don't want to know accounting treatment.
I am asking whether such expenditure by company will be an allowable expenditure under income tax act or not.
Thanks
when its the spending towards capitalization, where from the question arise of expense in P/L?
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