ROC Expenses while inhance the Share capital
This query is : Resolved
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
How can we treat this exp. while booking the expenses
Ankur Garg
(Expert)
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.
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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