AUTHORISED SHARE CAPITAL

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)

16 June 2011  

WHERE WILL THE EXPENDITURE INCURRED ON INCREASE IN AUTHORISED SHARE CAPITAL BE SHOWN IN THE FINANCIAL STATEMENT OF AN EXISTING COMPANY????

IS THERE ANY DEDUCTION AVAILABLE FOR THE ABOVE MENTIONED EXPENDITURE OTHER THAN THAT MENTIONED U/S 35 D OF INCOME TAX ACT