I want to know whether stamp charges paid during acquisition of shares can be capitalised.
Capitalisation of stamp duty on purchase of shares
CA M.Prabakaran (Manager - F&A) (81 Points)
24 May 2012
2 Replies
CA jatin k Gohil
(CA Practice)
(95 Points)
Replied 24 May 2012
It's a depend upon your nature of Business...
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 24 May 2012
As per AS-13 Accounting for Investments, cost of investments includes cost towards payment of duties as well. Hence Stamp duty would be required to be capitallized.
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