INCOME TAX QUERY
This query is : Resolved
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
(reference to conversion of equity shares to stock n vice-versa
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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