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accounting treatment expenses under company law

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07 May 2008 what is the accounting entry or effect of company law expenses such as payment for increament in share capital of pvt. ltd.company
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
07 May 2008 Upto authorized capital it is revenue exp. above this capital...
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
07 May 2008 expenses incurred for increasing authorised capital is capital expenditure and will not be allowed in income tax. for accounting purpose, simply debit to P&L, at the time of preparing return it will be disallowed.
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