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.
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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
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