Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

Public issue & roc fees

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 dear sir
we are housing finance company, this year we had incurred appr Rs 75 lacs on public issue and fees to roc for capital increase, please provide the treatment of above expenses as per AS and IT , the expenses are directly relates to our main objects of Financing so it will be allowed in IT Act or not, if yes please provide any case law in this regards

thanks

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

20 October 2012 u can claim deduction under section 35D if u satisfy the conditions thereof.
CA MANOJ GUPTA
JODHPUR
09828510543

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

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

Meet our CAclubindia PRO Members

J.Vijai

mahendra zaveri

Prabhakar Manjunath

Ravikumar

Pranab Banerjee

Subscribe Now

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

View Details