Expenses like name change exp. of company in income tax?
This query is : Resolved
Sushant Mahajan
(Querist)
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.
Ganeshbabu K
(Expert)
22 September 2013
Yes, All are revenue expences and allowed as business expences
Message likes :
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Sushant Mahajan
(Querist)
23 September 2013
Thank you sir
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