Share issue exps can be sett off against Securities Premium but whether Exps for increase in authorised capital can set off against Securities premium ?
Share issue exps can be sett off against Securities Premium but whether Exps for increase in authorised capital can set off against Securities premium ?
No Expenses incurred for increasing the Authorised Capital can not be Setoff from Securities Premium.
Rather the expense will not be allowable expense under Income Tax .
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