Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Income tax

This query is : Resolved

Share Report Follow Query Ask a Query

Narendra Kumar Biswal

Narendra Kumar Biswal (Querist)
Follow

11 March 2010 Whether fees paid towards increase of authorised capital is a allowable expenses U/S.37.

pls advice

CA Robin Betala

CA Robin Betala (Expert)
Follow

11 March 2010 It is capital expenditure and not allowed
As per case law Punjab state Industrial Development Corporation Ltd.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

11 March 2010 NOT ALLOWABLE.

REG FEES PAID FOR INCREASE IN AUTHORISED SHARE CAPITAL IS NOT ALLOWABLE U/S 37.
(BHARAT CARBON & RIBON MFG. CO. LTD. V CIT) [1981]27 ITR 239 (DELHI)

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

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member KANHA ASSOCIATES

KANHA ASSOCIATES

Pro Member AMBOJ KUMAR

AMBOJ KUMAR

Pro Member RADHAKRISHNAN A R

RADHAKRISHNAN A R

Pro Member Yandamuri yesu raju

Yandamuri yesu raju

Pro Member Vivekanand Sagar

Vivekanand Sagar

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

26 May 2026

Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details

22 May 2026

Audit assistant

Displayandbeyond

Mumbai

CA

View Details

26 May 2026

CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details

08 May 2026

Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details

ARTICLESHIP 27 May 2026

CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details

06 May 2026

Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details

18 May 2026

MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details

26 May 2026

Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details