registration fee
This query is : Resolved
23 March 2010
my client paid to the roc Rs.1300000 as stamp or registration fee for the increase of authorised capital.
1.can he claim the total amount as revenue expenses or it should be amortised..
1.can he claim the total amount as revenue expenses or it should be amortised..
23 March 2010
It is a capital expenditure. Deduction under section 37 of the IT Act,1961 will be denied.
Citation:- CIT Vs Fascel Ltd (2009) 221 CTR (Del)305.
Citation:- CIT Vs Fascel Ltd (2009) 221 CTR (Del)305.
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