accounting treatment expenses under company law
This query is : Resolved
07 May 2008
what is the accounting entry or effect of company law expenses such as payment for increament in share capital of pvt. ltd.company
07 May 2008
Upto authorized capital it is revenue exp. above this capital...
07 May 2008
expenses incurred for increasing authorised capital is capital expenditure and will not be allowed in income tax. for accounting purpose, simply debit to P&L, at the time of preparing return it will be disallowed.
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