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Section 35 D - Preliminary Expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2010 Dear,

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
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
28 September 2010 35D is not applicable on enhancement of authorized share capital.
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