Section 35 D - Preliminary Expenses
This query is : Resolved
Querist : Anonymous
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
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
28 September 2010
35D is not applicable on enhancement of authorized share capital.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- E-Invoice applicability for new Startup
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
