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Capitalisation of ROC expenses

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(Querist)
15 July 2011 Can the Company Capitalise the Roc fees paid to increase the Authorised Share Capital? Is it a Capital Expenditure?
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CA Navin Jain

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CA Navin Jain (Expert)
15 July 2011 Yes, IT WILL BE TREATED CAPITAL EXPENDITURE AND SHOWN AS MISC ASSETS BUT NOT WRITTEN OFF AS PER COMPANIES ACT,

IF YOU TREATED ITS REVENUE EXPENDITURE AS PER COMPANIES CAT THEN SAME SHALL BE DISALLOWED AS PER INCOME TAX ACT.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 July 2011 Charge to profit and loss account for accounting purpose and disallow for income tax purpose.
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taxindiaconnect

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taxindiaconnect (Expert)
15 July 2011 Agree with BC.

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