share issue expenses during the public issue will be capitalised as per IT act but in which head will it be capitalised?
2 Replies
VIKAS.A
(SOMETHING IS BETTER THAN NOTHING)
(1095 Points)
Replied 13 March 2013
HI NISHCHAL,YOU REMINDED ME MY CHILDHOOD FRIEND BY NAME NISCHAL,THANK U
COMING TO POINT
Expenditure on share issues is ideally written off to profit and loss account in the year it is incurred.
HAVE ONE MORE LINK.
Nishchal Khwaunju
(.)
(115 Points)
Replied 13 March 2013
No I am asking of tax treatment. in which head does the tax dept capitalise it?
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