12 August 2008
Hello Friends Actually I want to ask, when we increase the authorised share capital of the Company we pay the fees under Schedule X of the Companies Act, 1956. So can we treat this fees as Deffered Revenue expenditure and write off per year as 20%?or whether we will debit it, totally to the P&L A/c as an expenditure of that year. Is it Capital Expenditure or Revenue expenditure?
CAclubindia
