expenses for authorised capital increse


This query is : Resolved 

12 October 2010 Sir,
What is the accounting treatement for ROC expenses incured for increase in authorised capital

12 October 2010 Fees paid to the RoC for increase in authorised capital is a capital expenditure not deductible u/s 37(1) but deductible u/s 35D.

Citation:-

1. Punjab State Industrial Development Corporation Ltd 225 ITR 792 (Sc).

2. Mohan Meakin Breweries Ltd 117 ITR 501 (HP)- says that Fees paid for increase of authorised capital is an inadmissable expenses.

12 October 2010 thanks Ankur Sir Ji


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