increase in authorised share capital
This query is : Resolved
09 September 2010
Under which section the expenditure in respect of increase in authorised share capital will be disallowed.
09 September 2010
It is a capital expenditure. Disallowable under section 37(1) of the Income tax Act,1961.
citation :- 225 ITR 792 (SC).
citation :- 225 ITR 792 (SC).
10 September 2010
Fees paid to the RoC for increase in authorised capital is a capital expenditure not deductible u/s 37(1) but deductible u/s 35D.
Citation:-
1. Punjab State Industrial Development Corporation Ltd 225 ITR 792 (Sc).
2. Mohan Meakin Breweries Ltd 117 ITR 501 (HP)- says that Fees paid for increase of authorised capital is an inadmissable expenses.
Citation:-
1. Punjab State Industrial Development Corporation Ltd 225 ITR 792 (Sc).
2. Mohan Meakin Breweries Ltd 117 ITR 501 (HP)- says that Fees paid for increase of authorised capital is an inadmissable expenses.
15 July 2014
What is the current fee applicable in case of increase in authorized capital
15 July 2014
Currently fees calculator link available at MCA Site is not working so it would be difficult to mention the exact fee for increase. It says your session has expired.
https://www.mca.gov.in/DCAPortalWeb/dca/enquireFeeActionWithoutLogin.do?method=LLPNoneFormFeeSelection&sessioncheck=yes
There is another link for fees etc, which but that link does not provide the details of fees for increase for the time being.
Old Link:
https://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15
https://www.mca.gov.in/DCAPortalWeb/dca/enquireFeeActionWithoutLogin.do?method=LLPNoneFormFeeSelection&sessioncheck=yes
There is another link for fees etc, which but that link does not provide the details of fees for increase for the time being.
Old Link:
https://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15
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