Income tax

Kvl Kumar (Querist) 15 December 2011 This query is : Resolved
Allowability of fees paid to ROC for increase of Authorised Capital in Infrastracture Company Under IT Act-1961

Hello please carefully see this question.

Our's is a Infrastructure Company. We incurred ROC Fees towards increase of Authorised Capital. As we know that the same could not be claimed as deduction U/s 37(1) of IT Act as it is Capital expenditure.
I came to know that sec-35D is not applicable to Infrastructure Company as per Ansal Housing & Construction Ltd V CIT (HC) ITA Nos.1261,1278 & 1402 of 2008 .
My question is how this expenditure to be written of in the P&L.

Kindly please resolve my problem.

Thanks & Regards
kvl.kumar
7396896411

Follow Query

Report Abuse