Expenditure for Issuing Shares to Expand Capital Base is Allowable u/s 35D of Income Tax Act.

Expenditure for Issuing Shares to Expand Capital Base is Allowable u/s 35D of Income Tax Act. https://www.taxtmi.com/highlights?id=16454 Pre-operative expenses - where expenditure has been incurred in connection with issue of shares which are directly relatable to expansion to capital base of the company for raising of new projects, it would be allowable u/s. 35D - AT en-us Thu, 19 Dec 2013 11:07:04 +0530 Thu, 19 Dec 2013 11:07:04 +0530 TaxTMI RSS Generator Expenditure for Issuing Shares to Expand Capital Base is Allowable u/s 35D of Income Tax Act. https://www.taxtmi.com/highlights?id=16454 Pre-operative expenses - where expenditure has been incurred in connection with issue of shares which are directly relatable to expansion to capital base of the company for raising of new projects, it would be allowable u/s. 35D - AT Highlights Income Tax Thu, 19 Dec 2013 11:07:04 +0530 https://www.taxtmi.com/highlights?id=16454