Treatment of stamp duty on registration of rent agreement.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2016
A company is entering into an 8 year rent agreement for factory building. Monthly rent is payable. Stamp duty of 10Lacs, calculated as a percentage of average annual rent is paid on registration of rent agreement. Whether it is to be capitalised or treated as expense?
19 December 2016
Should be spread over the lease term as deferred revenue expenditure. In simple terms, it should be capitalized.
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