Share capital Incremental
This query is : Resolved
29 September 2021
Share capital Incremental charges for ROC , is this expense allowed in income tax ?
30 September 2021
No. Roc fee for enhancement of capital is a CAPITAL EXPENDITURE. Cannot clain u/s 37(1).
Citation :- Punjab State Industrial Dev Corpn Ltd Vs. CIT (1997) 93 Taxman 5 (SC).
Citation :- Punjab State Industrial Dev Corpn Ltd Vs. CIT (1997) 93 Taxman 5 (SC).
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