Treatment of fee paid to ROC on enhancement of Authorised Capital
it should be debited to P/L account. Alternatively same can be treated deferred expenses. Further as per IT Act it is disallowed expenses as same is capital expenses in nature. (as held by Court in a similar case)
08 May 2011
I do not agree with the deferred revenue expenditure concept as AS 26 requires these type of expenses to be written off in the year of incurring.
CAclubindia
