Retail limit increased to 2 lacs
as per IT rules AIR required to be filed for IPO appl above 1 lac
http://www.tin-nsdl.com/anninforeturn.asp
some time back advertisements were in papers that IT deptt is looking at IPO application above 1 lac
my querry :
since language used in clause 5 is payments above 1lac made for IPO application AIR has to be filed by company
1. suppose I make application be ASBA , money is not paid but blocked by bank - will this clause applicable
2. since till now application above 1 lac were hardly 5000 to 10000 ,will it attract compulsury IT scrutiny.
as per IT rules AIR required to be filed for IPO appl above 1 lac
http://www.tin-nsdl.com/anninforeturn.asp
some time back advertisements were in papers that IT deptt is looking at IPO application above 1 lac
my querry :
since language used in clause 5 is payments above 1lac made for IPO application AIR has to be filed by company
1. suppose I make application be ASBA , money is not paid but blocked by bank - will this clause applicable
2. since till now application above 1 lac were hardly 5000 to 10000 ,will it attract compulsury IT scrutiny.