Treatment of expenditures on issue of shares

Arun Kumar Aggarwal (Service) (65 Points)

19 February 2008  

Dear all,

Please advice about the following:

Expenditures incurred by a listed,existing ,profit making company on issue( increase) of Shares capital :

1.Whether can be amortised and if yes over how many years ( in books of accounts) 

2. How and under which section allowed in income tax and in which year.

CA. Arun K. Aggarwal