Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

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About me

Graduate of  Kerala University.

Fellow member of ICAI.

 

    What kinds of questions I can and can't answer?
    Income tax,Kerala value added tax,wealth tax,company law,Audit and Accounts.

    My area of expertise
    Same as above.

    My experience in the area (years):
    36 years.

    Organizations I belong to:
    Ramachandran & krishnakumar. Chartered accountants.

    Publications or writing which has appeared :
    nil

    Educational credentials:
    Graduated from University of Kerala. Chartered Accountant from ICAI.

    Award & Honors:
    Ranked in CA intermediate. CAclubindia award(Most effective expert)for 2010-11.

  • CA Nimesh Maheshwari says : Expenditure on increase in authorisd share capital
    Dear Sir, My query is regarding the allowability of Expenditure incurred against increase in authorised share capital. Based on going on some case laws adjudged by various honourable courts in India, I have an understanding that the fee paid to ROC is a capital expenditure and hence disallowed. Names of some of important case laws are reproduced below for your ready reference: 1. Brooke Bond India limited case [(1997) 225 ITR 798 2. Punjab State Industrial Development Corporationn ltd 225 ITR 792 (SC). The same view has also been expressed by you a number of times. However, based on a discussion I also believe that the authorised share capital of a company is increased when a resolution to that effect is passed in the General Meeting and the payment of fee is statutory payment. The same neither in any case increases the capital base of the company nor does it lead to any future profitability. Thus, why it has been treated as capital expenditure? Also basis my research over net, I have come across a view that the object of the assessee is also a decisive factor for determination of allowability. Would request you to guide. Further, in case the same is a disallowed expenditure; what will be the accounting treatment viz. to say that will the same be considered as a permanent difference. Further more would request you if you have some recent judgements on tax treatment of fees paid to ROC. Thanks in advance.

  • CA Arun Kumar says : NMMCE CESS
    SIR CAN YOU HELP ME IN NMMCE CESS QUERY

  • Sandeep says : TDS refund for Foreign company
    Dear Sir, What is the procedure of taking refund for foreign companies who do business in INDIAN and their TDS is deducted by the INDIAN customer.

  • Rishabh Khanna says : LOWER TDS
    If a company is going to have loss as per projected computation say of Rs 12,00,000/- then how is lower tds rate calculated and tds liability is around 1,15,000 how to calculate the rate of lower tds sir plz reply

  • anil says : ca firms
    sir i have recently completed both groups of ipcc with 487 marks.i want to join good firm in delhi.help me


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