INCREASE IN AUTHORISED SHARE CAPITAL

This query is : Resolved 

26 August 2009 A Private Limited has increased its Share Capital from Rs. 10 crores of Equity shares of Rs. 10 each to Re. 15 crores of Rs. 10 each.

Is the License Fees and Stamp charges paid by Company in relation to Increase in Authorised Share Capital are disallowed for Income Tax purpose.

26 August 2009 expenditure incurred to increase authorised capital is capital in nature and which are disallowed under IT Act.



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