Reg. Expenses on increasing the Authorised Capital

This query is : Resolved 

26 August 2009 Friendz...

Please do tell me the accounting treatment for expenses like Stamp Duty, License Fee .... incurred in the context of raising the 'Authorised Capital'?????? Thanks in advance!!!

26 August 2009 It should be debited to Profit and Loss Statement but will be dis-allowed in the Income tax as being the expenditure of Capital Nature..



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