We are obtaining ISIN for dematerialisation of shares.whether initial and Annual member fees payable to NSDL be capitalized or charged to revenue
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NSDL DEMAT- Annual Custody Fees
Replies (1)
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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