ROC Fees

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2010
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The company has incurred Expenditure on ROC Fees & Stamp duty for increase in Authorised Capital for Rs. 2.50 Lacs Appx. What will be the treatment for claiming this expense under Companies Act and Income Tax Act (Pls Specify Reference Section) and what will the treatment on accounting point of view also.

22 February 2010 Dear Friend

Under section 37 you can claim these expenses as revenue.



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