Easy Office
LCI Learning

Income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 March 2010 Whether fees paid towards increase of authorised capital is a allowable expenses U/S.37.

pls advice
Profile Image

CA Robin Betala

Profile Image

CA Robin Betala (Expert)
11 March 2010 It is capital expenditure and not allowed
As per case law Punjab state Industrial Development Corporation Ltd.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
11 March 2010 NOT ALLOWABLE.

REG FEES PAID FOR INCREASE IN AUTHORISED SHARE CAPITAL IS NOT ALLOWABLE U/S 37.
(BHARAT CARBON & RIBON MFG. CO. LTD. V CIT) [1981]27 ITR 239 (DELHI)
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links