Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registered or recorded by them during the financial year.

Point 5 - A Company issuing shares through public or rights issue.
=> Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the Company.
=> The amount actually received from the transacting party and not the amount relating to allotment is to be reported.

http://www.tin-nsdl.com/anninforeturn.asp
Will applying more than 1 lakh will create IT problem lateron? Your view.