Easy Office
LCI Learning

Expenses of Public Issue Increse

This query is : Resolved 

11 April 2008 An assessee has incurred subsequent public issue expenses of Rs. 10,000 . Is it allowable expenditure or not for the business or it comes under Section 35D? Please answer this as early as possible.

Expenses incured for raising authorised capital of the company subsequently? What is the treatment for this in Income Tax?

11 April 2008 Check up if it falls under section 35D(1)(ii). If so it is preliminary expenses only. Otherwise it is not.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries