Income tax
This query is : Resolved
11 March 2010
Whether fees paid towards increase of authorised capital is a allowable expenses U/S.37.
pls advice
pls advice
11 March 2010
It is capital expenditure and not allowed
As per case law Punjab state Industrial Development Corporation Ltd.
As per case law Punjab state Industrial Development Corporation Ltd.
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)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- Inter corporate deposits
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
