Registrar of Companies fee for share issuance deemed capital expenditure, not revenue, due to its role in capital expansion.

Registrar of Companies fee for share issuance deemed capital expenditure, not revenue, due to its role in capital expansion. https://www.taxtmi.com/highlights?id=21538 Fee paid to ROC - Expenditure incurred by a company in connection with issue of share with a view to increase its share capital, is directly related to the expansion of the capital base of the company, and is capital expenditure - even though it may incidentally help in the business of the company and in the profit making. - AT en-us Tue, 27 Jan 2015 11:40:31 +0530 Tue, 27 Jan 2015 11:40:31 +0530 TaxTMI RSS Generator Registrar of Companies fee for share issuance deemed capital expenditure, not revenue, due to its role in capital expansion. https://www.taxtmi.com/highlights?id=21538 Fee paid to ROC - Expenditure incurred by a company in connection with issue of share with a view to increase its share capital, is directly related to the expansion of the capital base of the company, and is capital expenditure - even though it may incidentally help in the business of the company and in the profit making. - AT Highlights Income Tax Tue, 27 Jan 2015 11:40:31 +0530 https://www.taxtmi.com/highlights?id=21538