Hi,
How to account the cost Incurred for Due diligence audit for raising of capital? Can it be amotized over
a period of time?
Regards
Pavan.jinuga
Rishi Vyas
(Internal Auditor)
(189 Points)
Replied 15 April 2008
Dear
Due diligence Expenses are one of the capital issue expenses and can be amortised over a period of 5 years.
Rishi
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961