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Revenue expenditure

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(Querist)
08 September 2011 MY CLINT HAS PAID ROC FEES RS. 33,000 TOWARDS INCREASE IN AUTHORISED CAPITAL.

WHETHER THIS EXPENSES IS ALLOWABLE AS REVENUE EXPENDITURE OR ANY OTHER TREATMENT ?
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CA Navin Jain

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CA Navin Jain (Expert)
08 September 2011 as per companies act you have both options, but as per income tax act if u have transferred to profit and loss account then same shall be disallowed.

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