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Treatment of Bank Guarantee Charges
it is deferred revenue expenditure amortised over a period of five years equally
Should be treated as revenue expenditure and to be charged in the same financial year.
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CA. K. K. Srivastava
charges or commission on bank guarantee should be treated as an revenue expenditure and charged in the year of guarantee secured as per AS 9 and if bank guarantee is taken for any capital expenditure then charges or commission on bank guarantee should be capitalized in the year of guarantee secured.
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