Section 35D
This query is : Resolved
14 June 2010
Can expense incurred on enhancing Authorized capital be claimed under section 35D.
14 June 2010
Under section 35D(2)(c)(iii) of the Act, only fees paid for registration of a company is deductible. Fees paid for increase in share capital is not fees for registration of the company, and hence is not amortisable under this provision .
Citation :-CIT v. Hindustan Insecticides Ltd. [2001] 250 ITR 338 (Delhi).
Citation :-CIT v. Hindustan Insecticides Ltd. [2001] 250 ITR 338 (Delhi).
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