Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2010
We have paid a fees of Rs.200000 during the financial year 2008-2009 towards increasing authorised capital.
Whether it is a admissible expenses under income tax act ?
Pls advice.
Whether it is a admissible expenses under income tax act ?
Pls advice.
11 March 2010
It is capital expenditure and not allowed
As per case law Punjab state Industrial Development Corporation Ltd
As per case law Punjab state Industrial Development Corporation Ltd
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