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INCOME TAX QUERY

This query is : Resolved 
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(Querist)
25 August 2008 Why shares are converted to stock how will it help the company?

(reference to conversion of equity shares to stock n vice-versa
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
25 August 2008 It will help in valuation, considering it as business assets and hence charging expenditure inrelation thereto, setting off of loss in one head against income in another.

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