Whether roc filing fees are deductible for income tax


03 August 2009 Whether roc filing fees are deductible for income tax i.e increase in authorised capital, form 20B, 23ac fees etc

03 August 2009 Yes, this will be covered under section 37 as general deduction. Ledger head may be filing fees.

03 August 2009 YES


03 August 2009 Whether there is any distinction between capital & revenue expenditure in respect of roc filing fees. i.e. Fees paid for increase in Authorised share capital

03 August 2009 Whether there is any distinction between capital & revenue expenditure in respect of roc filing fees. i.e. Fees paid for increase in Authorised share capital

24 November 2011 The expenditure incurred in connection with the raising of the authorised capital was held to be capital expenditure by the Hon AP High Court in Vazirsultan Tobacco Co ltd V CIT (1988) 174 I 689(AP) which was approved by the Hon Supreme court in Punjab state Industri Development Corporation V CIT (1997)225 ITR 792(SC).

Whether it shall be allowed ?



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries