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Accounting for stamp duty paid for lease deed for rentals

This query is : Resolved 

29 August 2011 What is the treatment to be given to stamp duty paid at the time of entering into a lease for rental premises for a period of 12 years. Will be it amortised over the period of 12 years or will it be expensed in the same accounting year in which it is incurred/paid. Under which AS is it specified

29 August 2011 That would be registration fees paid and can be written off in the year of expense itself.



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