Expenses on increase in Authorised Capital

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..... Expenses on increase in Authorised Capital
Query (Issue) Started By: - amol changedia Dated:- 27-8-2013 Last Reply Date:- 29-8-2013 Income Tax
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Income Tax
Hi, I suppose that t .....

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..... he Expenses on increase in Authorised Shares Capital by A Pvt Ltd Company is a Capital Expenditure based on number of case laws. But what treatment should be given to capital expenditure. Whether th .....

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..... e same is allowable expenditure or not? If yes under which section and if no why. Reply By CA GOPALJI AGRAWAL: The Reply: Since it is in the nature of capital expenditure as decided by Apex Court, i .....

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..... t would not be allowed under any specific or residuary section 37(1) of the Act.
Discussion Forum - Knowledge Sharing .....

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