We have commenced business in June 2008, with Authorised Share Capital of Rs 1 Cr. Requirement of Preliminary exps u/s 35 D was met.
However, during F.Y. 2009-10 , we enhanced our authorised share capital to Rs 5 Crs.
Kindly confirm whether benefit of enhanced authorised share capital of Rs 4 Crs ( 5-1) can be taken in F.Y. 2009-10 or is it for commencement stage only.
Will Preliminary exps incurred for enhanced authorised share capital allowable u/s 35 D in F.Y. 09-10
CAclubindia
