Roc charges
This query is : Resolved
Yenumula.Ayyappa
(Querist)
24 January 2015
Whether we can claim roc charges for increasing in authorised capital as revenue expenditure.
Actually what happen is bank insisting one of my client to increase authorised capital to maintain healthy DEBT-Equity Ratio.
Actually what happen is bank insisting one of my client to increase authorised capital to maintain healthy DEBT-Equity Ratio.
24 January 2015
Not a revenue expenditure. Supreme court decision reported in [1997] 225 ITR 792 may be referred to.
Rupesh Jain
(Expert)
24 January 2015
not a revenue expenditure
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