EASYOFFICE
EASYOFFICE

Roc charges

This query is : Resolved 
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(Querist)
24 January 2015 Whether we can claim roc charges for increasing in authorised capital as revenue expenditure.
Actually what happen is bank insisting one of my client to increase authorised capital to maintain healthy DEBT-Equity Ratio.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 January 2015 Not a revenue expenditure. Supreme court decision reported in [1997] 225 ITR 792 may be referred to.
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Rupesh Jain

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Rupesh Jain (Expert)
24 January 2015 not a revenue expenditure
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