Allowance/disallowance
This query is : Resolved
25 February 2016
What is the treatment of fees including additional fees paid to ROC for filing of Form MGT-7, Aoc-4 and SH-7(increase in authorised share capital), while computing income from Business or Profession?
25 February 2016
First issue is authorised share capital can be claimed as preliminary exp but subsequent issue of share capital is capital exp which has no tax treatment.
25 February 2016
Filing fees, normal as well as additional, of MGT-7 and AOC-4 is 'revenue' in nature and can be claimed as 'business expenditure' while computing 'taxable income'.
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