Uday G (Business) (254 Points)
23 August 2013One existing company is planning to set up a new project, for this the company is paying stamp duty and ROC fees for increase in authorized capital.
The additional capital is only for this new project.
Whether the company can capitalize the stamp duty and ROC fees paid? if yes under which head?
R S B
(C.A FINAL)
(91 Points)
Replied 26 August 2013
since the business is not yet started all stamp duty and roc expenses shall be shown under the head of preliminary expense and shall be written off after the commencement of project or any operation.
CAclubindia
