Change in Authorised Share Capital
This query is : Resolved
Monil R. Shah
(Querist)
14 July 2009
Whether the exp. incurred for making change in authorised share capital is of revenue nature or capital?
Which section apply?
Which section apply?
Ankur Garg
(Expert)
14 July 2009
Hi Monil,
Such exp is of Capital Nature exp. Reason being such exp is a disallowed expense for income tax purpose.
However you may charge it in profit & loss a/c but for income tax purpose you have to add it back.
Regards
Such exp is of Capital Nature exp. Reason being such exp is a disallowed expense for income tax purpose.
However you may charge it in profit & loss a/c but for income tax purpose you have to add it back.
Regards
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