We are obtaining ISIN for dematerialisation of shares.whether initial and Annual member fees payable to NSDL be capitalized or charged to revenue
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193786 Points)
Replied 05 May 2025
The CBDT has ruled that expenses related to dematerialization, including NSDL charges, qualify as allowable business expenditure under Section 37(1) of the Income Tax Act. These costs are considered necessary for efficient business operations rather than creating any capital asset.
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