We have Share Application Money received during F.Y.2012-13 on Varoius Dates from Various Parties, Pls guide me through the implication of Income Tax Rule 11UA, in regard of valuation date and Balance sheet. My Question is as to whether we are required to compute values for issue of Addtional Share Capital on Differnet Dates as pe varoius Balance Sheets or we can rely on Audited Balance Sheet as on 31.03.2012
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Issue of additional share capital
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For valuation under rule 10UA share value as on 31.03.12 will be sufficient
Sir,
Pls provide with details as to how we will consider valauation date as 31.03.2012 bacause one of my colleague CA is saying as to valuation date should be date preceeding the date on which shareapplication money is received every time.
Pls correct me.Waiting for your detailed reply.
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