Expenses like name change exp. of company in income tax?
This query is : Resolved
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.
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.
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
REFER BELOW
https://www.caclubindia.com/judiciary/fees-paid-to-the-roc-are-revenue-expenditure-2003.asp
Message likes :
1 times
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?
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?
21 September 2013
Sir,
Please refer this link also:
https://groups.yahoo.com/neo/groups/ICAI_CIRC_MEERUT_CA/conversations/topics/85613
Please refer this link also:
https://groups.yahoo.com/neo/groups/ICAI_CIRC_MEERUT_CA/conversations/topics/85613
21 September 2013
Above tribunal order refered by me was ver recent one...so baded on this it os allowed as expense
21 September 2013
Thanks a tonne sir
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