Reinstatement Fees Paid to BSE

Madhusudan Kabra (knowledge seeker) (1779 Points)

24 May 2010  

What Should be the treatment of Reinstatement fees(Relisting Fees )  paid to stock exchange in hands of Purchasing company. It is a type of Penalty .

It is to be write off in same year or to be tagged as deffered expencess or to be capatalised and further write off againist goodwill as it is paid by Purch. Company????????

 

Regards

Madhusudan Kabra