| Discussions Forum | ||||
Home  Forum Income Tax This
|
||||
| A Public Forum. Anyone can participate to share knowledge. |
||||
|---|---|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||||
Submit new Issue / Query |
||||
Expenses - increase in authorised capital - section 35D, Income Tax |
||||
|
||||
Expenses - increase in authorised capital - section 35D |
||||
Whether expenses incurred on increase in authorised capital by an NBFC, allowable under section 35D or not? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
No, you are not entitled to calim the deduction under section 35D for expenses incurred on increase in authorized capital by an NBFC - Decision of Madaras High Court may be referred to - http://www.taxmanagementindia.com/visitor/detail_case_laws.asp?ID=33217
Further you may visit to following case law - http://www.taxmanagementindia.com/visitor/detail_case_laws.asp?ID=12655 Page: 1 Old Query - New Comments are closed. |
||||
