TaxTMI 
TaxTMI 
Expenses on increase in Authorised Capital
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....xpenses on increase in Authorised Capital<br> Query (Issue) Started By: - amol changedia Dated:- 27-8-2013 Last Reply Date:- 29-8-2013 Income Tax<br>Got 1 Reply<br>Income Tax<br>Hi, I suppose that th....
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....e 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 the....
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.... 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, it....
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.... would not be allowed under any specific or residuary section 37(1) of the Act.<br> Discussion Forum - Knowledge Sharing ....