Expenses like name change exp. of company in income tax?

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Sushant Mahajan (Querist)
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20 September 2013 Will the following expenses be allowable to be set off against business income:

1) Expenditure for formalities of increasing Authorized Share Capital.

2) Expenditure for formalities of Director Change.

3) Expenditure for formalities of name change of co.?

Please reply.

Ganeshbabu K

Ganeshbabu K (Expert)
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20 September 2013 ALL ARE REVENUE EXPENSES AND CAN BE ALLOWED AS BUSINESS EXPENSE

REFER BELOW

https://www.caclubindia.com/judiciary/fees-paid-to-the-roc-are-revenue-expenditure-2003.asp

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Sushant Mahajan

Sushant Mahajan (Querist)
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21 September 2013 Sir,

The expenses in all the above three cases will also be including professional charges by a Chartered Accountant. Will these be allowed apart from ROC expenses?

Also, if total expense in all three cases will be allowed, will it be treated like preliminary expenses .i.e. some amount will be written off each year or entire amount will written off in the same year?

Sushant Mahajan

Sushant Mahajan (Querist)
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21 September 2013 Sir,

Please refer this link also:

https://groups.yahoo.com/neo/groups/ICAI_CIRC_MEERUT_CA/conversations/topics/85613

Ganeshbabu K

Ganeshbabu K (Expert)
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21 September 2013 Above tribunal order refered by me was ver recent one...so baded on this it os allowed as expense

Sushant Mahajan

Sushant Mahajan (Querist)
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21 September 2013 Thanks a tonne sir

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