Easy Office
Easy Office

Stamp Duty

This query is : Resolved 

02 April 2009 I want to ask that we are prop. concern we have purchase plot costing Rs. 12,55,000 /- and besides that we have paid 80000 /- for stamp duty can we add stamp duty in the in the value of plot and we also want to show these expenses in my Indirect Expenses so can i. Please sought out my problem and tell me the journal entry of the above said


Thanks in advance.


02 April 2009

The stamp duty you paid will be added to the cost of the land. Stamp duty is a capital expenditure and you cannot claim it as revenue expenditure.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries