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cash paid more than 20000 for share application money

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(Querist)
06 July 2009 Hi, can any one tell whether cash paid more than 20000 for share application money will be disallowed?
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Ashish Shah

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Ashish Shah (Expert)
24 July 2009 May be the cost of acquisition would be Rs. 0 instead of Rs. 20,000/-

Anyway the Limit of Rs. 20,000 has been increased in this budget if u are aware.

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