ROC Expenses while inhance the Share capital

This query is : Resolved

RAJESH JAISWAL (PCS, MBA, LLB) (Querist)
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07 August 2010 we have increase the share capital of company & paid some ROC Exp. Please let me advice that these exp are revenue nature or capital.

How can we treat this exp. while booking the expenses

Rajesh

Rajesh (Expert)
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07 August 2010 you can book this exp as per sec 35 D

Ankur Garg

Ankur Garg (Expert)
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07 August 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.

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