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Treatment of stamp duty paid on loan for expansion.

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(Querist)
27 December 2013 Dear - all

What should be the treatment of stamp duty paid on expansion i.e. availing loan for the purpose of purchasing plant & machinery???

Whether the same should be capitalised or it should be expensed off in p&l????
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@VaibhavJ

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@VaibhavJ (Expert)
27 December 2013 HI

It form part of acquisition cost & same should be capitalized.

Thanks

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