increase in authorised share capital

This query is : Resolved

abhishekagarwal (Querist)
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09 September 2010 Under which section the expenditure in respect of increase in authorised share capital will be disallowed.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 September 2010 It is a capital expenditure. Disallowable under section 37(1) of the Income tax Act,1961.
citation :- 225 ITR 792 (SC).

Ankur Garg

Ankur Garg (Expert)
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10 September 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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C.S. CHANDANI SARUPARIA

C.S. CHANDANI SARUPARIA (Expert)
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15 July 2014 What is the current fee applicable in case of increase in authorized capital

Ankur Garg

Ankur Garg (Expert)
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15 July 2014 Currently fees calculator link available at MCA Site is not working so it would be difficult to mention the exact fee for increase. It says your session has expired.

http://www.mca.gov.in/DCAPortalWeb/dca/enquireFeeActionWithoutLogin.do?method=LLPNoneFormFeeSelection&sessioncheck=yes

There is another link for fees etc, which but that link does not provide the details of fees for increase for the time being.
Old Link:

http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15