Hello everyone,
I want to ask regarding accounting of stamp duty payment for Pvt. Ltd. Co. For making stamp duty payment for AOA & MOA of Pvt. Ltd. Co., we drawn Pay orders ithro one of the proprietary concern whose prop is one of the promoter of new Pvt. Ltd. Co.
For Pvt. Ltd we’ve applied for PAN & we’ll get it within 3-4 days & purchase & sale transaction will get started from April 2010 as we've to apply all other registrations with different depts., then what about the income tax return for F.Y.09-10. Whether the same exp will have to be booked under preliminary/ formation exp of co in pvt. ltd. & this exp will be c/fd to next year ? what is the correct accounting treatment for this.
Pls. reply
thanks in advance