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Change in Authorised Share Capital

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(Querist)
14 July 2009 Whether the exp. incurred for making change in authorised share capital is of revenue nature or capital?
Which section apply?
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Ankur Garg

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Ankur Garg (Expert)
14 July 2009 Hi Monil,

Such exp is of Capital Nature exp. Reason being such exp is a disallowed expense for income tax purpose.

However you may charge it in profit & loss a/c but for income tax purpose you have to add it back.

Regards
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NITIN

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NITIN (Expert)
14 July 2009 Revenu in nature and Sec 37 is applicable to it
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