Issue of shares to QIBs to be held as issue of shares to public; exp. incurred on it deductible u/s 35D

INCOME TAX : In case of public limited company, issue of shares to Qualified Institution Buyers ( QIB) would be regarded as issue of shares to ‘public’ and, thus, expenses incurred on said issue would be eligible for deduction under section 35DINCOME TAX : In case of public limited company, issue of shares to Qualified Institution Buyers ( QIB) would be regarded as issue of shares to ‘public’ and, thus, expenses incurred on said issue would be eligible for deduction under section 35Dwww.taxmann.com Latest Case LawsRead More

Leave a Reply