Expenses incurred on Increase in Authorised Share Capital

This query is : Resolved 

11 September 2009 What is the tax treatment on expenses incurred for increase in authrise share capital

11 September 2009 Capital Expenditure and expences treat as a deffered exp.

11 September 2009 Within how many year it can be allowed as an expenses under IT and under which section .

11 September 2009 Not deductible under section37(1) but deductible under section 35D of The Income tax Act,1961.

Citation:- Punjab State Industrial Development Corporation Ltd 225 ITR 792 (Sc).


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