A private limited company raised its authorised capital and paid stamp duty and ROC fees, so i want to know whether such expenditure is capital or revenue and how such expense is allowed in income tax.
Menu
Capital or Revenue Expediture
Replies (4)
well it is a capital expenditure and it should be capitalised. i m not damn sure and u shd wait for reply from some experts here
I think it is Miscellaneous Expenses & it will be shown on asset side of B/s till it will be written off.
the expenditure is treated as priliminary expenses and should be written off over a period of five years in equal instalmenmts as per sec.35D of income tax act.
Its preliminary exp. agree with rajesh's reply
Recent Threads
- TDS - requirement of TDS by individual under presu
- Built a tool to automate Bank Statement to Tally e
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
Related Threads
CAclubindia
