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expenses for authorised capital increse

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(Querist)
12 October 2010 Sir,
What is the accounting treatement for ROC expenses incured for increase in authorised capital
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Ankur Garg

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Ankur Garg (Expert)
12 October 2010 Fees paid to the RoC for increase in authorised capital is a capital expenditure not deductible u/s 37(1) but deductible u/s 35D.

Citation:-

1. Punjab State Industrial Development Corporation Ltd 225 ITR 792 (Sc).

2. Mohan Meakin Breweries Ltd 117 ITR 501 (HP)- says that Fees paid for increase of authorised capital is an inadmissable expenses.
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CA Navin Jain

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CA Navin Jain (Expert)
12 October 2010 thanks Ankur Sir Ji
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