https://www.taxtmi.com/forum/issue?id=107254 The respondent advises that expenditure incurred for increasing authorised share capital (additional stamp duty) is treated for taxation as capital expenditure and thus not allowable, while for accounting purposes it should be charged to the profit and loss account in the year in which it is incurred. en-us Fri, 29 Aug 2014 16:56:08 +0530 Thu, 23 Jan 2025 15:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107254 The respondent advises that expenditure incurred for increasing authorised share capital (additional stamp duty) is treated for taxation as capital expenditure and thus not allowable, while for accounting purposes it should be charged to the profit and loss account in the year in which it is incurred. Discussion-Forum Companies Law Fri, 29 Aug 2014 16:56:08 +0530 https://www.taxtmi.com/forum/issue?id=107254