THIS EXPENSE ALLOWED OR NOT?

This query is : Resolved 

04 January 2009 IS STAMP DUTY IN CONNECTION WITH ISSUANCE OF DEBENTURES ALLOWED OR NOT?

IF YES WHETHER IT IS 100% OR 20% ON TRACKS OF SECTION 35D?

IF NOW WHY?

PLZ CLEARLY STATE LEGAL PROVISIONS

THANKS IN ADVANCE

04 January 2009 in my opinion it is fully allowable u/s 37(1)

04 January 2009 In such a case , it is allowable in 5 equal installmemts (i.e 20% in each year). (Refer Section 35D(2) for the list of preliminary expenditures)

05 January 2009 The said expenditure is covered u/s 35D(2).


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query