35D CAPITAL EXPENDITURE

This query is : Resolved

atul (Querist)
Follow

11 January 2008 HELLO SIR

EXPENSES INCURRED SUCH AS STAMP DUTY REGISTRATION (ROC) ECT FOR INCREASE IN AUTHORISED SHARE CAPITAL OF PVT LTD CO. WHETHER IT IS ALLOWED U/S 35D AS A BUSINESS EXPENSE,
THE ACIT HAS DIALLOWED IT SAYING IT IS CAPITAL EXPENDITURE AND NOT ALLOWED AS EXPENSE
SO CANT WE CLAIM 1/5TH OF EXPENSE EVERY YEAR UNDER 35D

R.V.RAO

R.V.RAO (Expert)
Follow

11 January 2008 EXP. ON INCREASE IN AUTH. CAPITAL IS CAPITAL EXP.
THERE ARE DECIDED CASE LAW ON THIS.
AS FAR AS SEC 35 D IS CONCERNED,
PRELIMINARY EXP. AMORTISATION, ONLY THOSE EXP. INCURRED BEFORE THE COMMENCEMENT OF BUSINESS OR AFTERC COMMENCEMENT,IN CONNECTION WITH EXTENSION OF AN IND. UNDERTAKING OR SETTING UP A NEW IND.UNIT ,SUCH EXP. QUALIFY FOR AMORTISATION.
SO IN YOUR CASE,IF THE INCREASE OF AUTH. CAPITAL IS FOR ABOVE PURPOSES STATED, AND IF DOCUMENTARY EVIDENCE CAN BE PRODUCED BEFORE THE ASSESSING OFFICER ON DEMAND,
YOU MAY CLAIM AMORTISATION BENEFIT UNDER SEC. 35 D.
R.V.RAO

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Manish Tiwari

rajkumar yadav

THUSHAR MURALI KRISHNA

Abhishek Kabra

ASHOK KUMAR TEKURU

Subscribe Now

35D CAPITAL EXPENDITURE

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA