Amortisation of Investment
This query is : Resolved
CA Harshad Deshpande
(Querist)
30 December 2009
is amortisation of investments a valid deduction as far as Banking Cos. are concerned?
30 December 2009
Its not amortisation of investments its amortisation of premium on investments as this is the cost paid over and above the face value which is called the premium, or rather the command over the security which is demanding in the market at any point of time, since the benefit is accruing to the company over a period the cost ove the same has also to be equally shared over the period and hence the same cannot contribute to the cost in only the year of purchase, hence since the benefit accrues over a period of time the cost is also to be equally shared or spread.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
