accounting treatment of stamp duty & registration charges

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... accounting treatment of stamp duty & registration charges
Query (Issue) Started By: - Harish uniyal Dated:- 30-12-2010 Last Reply Date:- 30-12-2010 Other Topics
Got 2 Replies
Indian Laws
.....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... what is the accounting treatment of stamp duty & registration charges paid in respect of increase the limit authorised share capital of private limited company ? whether it is revenue expenditure or c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... apital expenditure Please tell me urgent Reply By CA Rachit Agarwal: The Reply: It can be debited to Profit/Loss account and would be treated as capital expenditure only. No carry over would be all .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... owed in the Balance Sheet. You will not be able to claim the deduction for the above expenditure under the Income Tax Act, 1961. Reply By rishi mohan: The Reply: Payment of registration charges and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stamp duty in respect of increase in the limit of authorised share capital of private limited company is a capital expenditure. It should be charged against the profit and loss account of the company. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

.....
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X