Hi,
How are options getting accounted in IGAAP.What is the treatment fo Premium paid at the time of taking options?
2 Replies
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 15 June 2010
Premium paid on option is treated as under:
Option premium a/c dr
to bank
and at the end, (in both excercise n non exercise)
p&l dr
to option premium
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 18 June 2010
agree with Mr. Vinay
Recent Topics
- Gift Tax Exemption interpretation in case of Prope
- IMS how to compliance
- Tax benefit on Sale of property
- GST ITC CLAIM
- TDS on related party transaction eg loan
- Is GST applicable on services rendered to overseas
- TIMING OF TDS ENRY IN BOOKS OF ACCOUNTS
- GST ITC Eligibility on Services
- Taxability on selling shares in 1 demat account an
- We file income tax return fy 2006-2007 but tds ben
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
