Tag Archives: Depreciation on ROC Fees

Depreciation on ROC Fees Capitalised allowed : High Court

By | January 21, 2016

Issue :- Allowance of depreciation under Section 32(1) of the Act @ 15% on Rs. 10,00,000/- paid by the assessee as fees to the Registrar of Companies for the expansion of capital base and capitalized towards plant and machinery. HELD Since the fees paid to Registrar of Companies for enhancing the authorized share capital for expansion… Read More »