fees paid for increasing authorised capital

 It is disallowed under I. Tax Act,1961. however It can be written off  as per company policy as defeered revenue expenditure if it is spent asfter incorporation and for pre incorporation , it is a part of preliminary exps as per companies act and canbe w/off as per company policy. however the same will be disallowed under I ncome tax act, 1961.

It is a capital expenditure. Will not be allowed as expenditure.

fee paid for increasing authorised share capital is a capital expenditure. so it is not a allowed expenditure.

no ,it is not a allowable expenditure as per section 37

 But if the fees are paid for increasing the authorised capital for issuing bonus shares, then the expenses os allowable.

 

Kindly see the case of         GENERAL INSURANCE CORPORATION 286 itr 232

 

Yes It is capital expenditure. But it will be allowed as deduction u/s 35D. Section 35D not only covers expenses before incorporation but also includes expenses incurred for expansion of undertaking. Hence, increase in capital can be treated as expansion of capital base of company. So expense will be allowed as deduction u/s 35D for five successive assessment year.

no exemption it is a capital erxpenditure

Mr. Gopal Kabra is right . Fees paid for increase in authorised capital is a capital expenditure and not allowed u/s 37.

 

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