01 December 2011
We have increased our authorised capital and for increasing of it we paid registeration fees in ROC.My quesstion is can this expense is allowed in income tax and if yes than under which section we can claim its deduction.
02 December 2011
The fess paid for increase of share capital is a capital expenses and to be capitalized and amortized within a period of five years from the year in which it is incurred.
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