ROC Exp.
This query is : Resolved
23 June 2009
Dear All,
The company has increased its authroised capital on which ROC Exp. are Rs. 2 Lac. Whether these exp. be included in Preliminary Exp. and should be deduct 1/5 every year or should be debited to administrative exp. under head fees & taxes. Please explain with section / rule details if any. Earlier in a other company case we have debited it in expenses account and claim fully in the same year. But at the time of assessment ITO object it. But we are enable to find the related section. Please guide.
Subhash Chander
999 000 3502
The company has increased its authroised capital on which ROC Exp. are Rs. 2 Lac. Whether these exp. be included in Preliminary Exp. and should be deduct 1/5 every year or should be debited to administrative exp. under head fees & taxes. Please explain with section / rule details if any. Earlier in a other company case we have debited it in expenses account and claim fully in the same year. But at the time of assessment ITO object it. But we are enable to find the related section. Please guide.
Subhash Chander
999 000 3502
23 June 2009
To support the view expressed above, u can cite the following case law also.
Punjab State Industrial Development Corporation Ltd 225 ITR 792 (SC).
Punjab State Industrial Development Corporation Ltd 225 ITR 792 (SC).
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
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
