Public issue & roc fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
dear sir
we are housing finance company, this year we had incurred appr Rs 75 lacs on public issue and fees to roc for capital increase, please provide the treatment of above expenses as per AS and IT , the expenses are directly relates to our main objects of Financing so it will be allowed in IT Act or not, if yes please provide any case law in this regards
thanks
we are housing finance company, this year we had incurred appr Rs 75 lacs on public issue and fees to roc for capital increase, please provide the treatment of above expenses as per AS and IT , the expenses are directly relates to our main objects of Financing so it will be allowed in IT Act or not, if yes please provide any case law in this regards
thanks
20 October 2012
u can claim deduction under section 35D if u satisfy the conditions thereof.
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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