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Prelimiary Expense

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Guest

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Guest (Querist)
02 September 2009 Can Expense for increase in Authorise Capital deductable in five years from year of expense incur.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
02 September 2009 Nope. Its not preliminary exp
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Ankur Garg

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Ankur Garg (Expert)
02 September 2009

Fees paid to ROC for increase in AC is a capital expenditure not deductible u/s 37(1) but deductible u/s 35D of The income tax Act,1961.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 September 2009 agree with Mr. Garg
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Guest

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Guest (Querist)
02 September 2009 tnk...............

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