Roc fees
This query is : Resolved
Nagaraja S Hegde
(Querist)
21 May 2015
hi,RoC fee paid towards increase in authorised capital,,what is the treatment in IT computation???? Whether it is allowed or disallowed????
Sandeep Dharar
(Expert)
21 May 2015
Its fully Allowable. U can show it as Filing fees,
Nagaraja S Hegde
(Querist)
21 May 2015
OK,...But it is a capital expenditure no sir,,,so how can we take it as allowable expenditure?????????
Sandeep Dharar
(Expert)
21 May 2015
Its not a Capital Expenditure dear. U can claim 1/5th of the expenditure every year for 5 years. Visit the following link for full disclosure by our other experts:-
https://www.caclubindia.com/experts/increase-of-authorised-capital-462660.asp#.VV2llVJGQq4
https://www.caclubindia.com/experts/increase-of-authorised-capital-462660.asp#.VV2llVJGQq4
21 May 2015
agreed with sandeeps's views.............
Message likes :
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Nagaraja S Hegde
(Querist)
21 May 2015
ok..thank u sir....where should we show the remaining balance in the financial statements???(under which head???)....
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