Can anyone let me know whether Stamp Duty paid for increasing authorised share capital is to be disallowed for Income Tax computation as the same will be considered as Capital Expenditure debited to P&L?
24 September 2008
Sec 35 d is for prelim expenses but in our case our copmany has started operations 8 years back and now we have increased our authorised share capital and paid the fees to ROC.
24 September 2008
thanks but u/s 35 d the duty paid on authorised capital is allowed only if there is extension of business or set up of new industrial undertaking ,but in our case we have increased our authorised share capital so that we can meet our business requirements.
24 September 2008
thanks but u/s 35 d the duty paid on authorised capital is allowed only if there is extension of business or set up of new industrial undertaking ,but in our case we have increased our authorised share capital so that we can meet our business requirements.
CAclubindia
