01 November 2008
but sir, i think that these ROC and stamp fees are not for registering the company under the provisions of the Companies Act, 1956 (1 of 1956) as mentioned in section U/s 35 D;
Are u sure that there are eligible for amortisation ?
01 November 2008
1) Authorised capital forms part of registration of company. 2)Form 5 falls under share issue 3)Commencement of business subsection (2)
01 November 2008
Even if its an existing company and you want to increase your authorised capital for which you file Form 5, you will be allowed to amortize those expenses in 5 equal installments as per section 35D of IT Act, 1961.
01 November 2008
Reetika's view is correct vide supreme court decision in the case of Punjab State Industrial Development Corporation Ltd reported in 225 ITR 792.
CAclubindia
