12 June 2009
A pvt. co. was regd 2 years ago.No work till is carried on by the co. Also in the next 2-3 years it is going to do nothing. The only expenditure incurred are legal fee, audit fee and ROC filing Fee. I want to know whether these are treated as pre-operative expenses or this will be treated as loss and a return of loss is to be filed. I want to have a clear picture of the situation. Can anyone make it clear to me,if possible please.
Guest
Guest
(Expert)
12 June 2009
Hello Seema, This expenses not treated as Pre-operative expenses; You should to charges these expenses as under the head of Profit & Loss account and submit the return accordingly as on the loss basis. Further, you can set off the losses in future Financial periods.
12 June 2009
Thanks for the answer sir, I have one problem that last year return has been filed by indicating these exps as pre-oper. exps and not by loss. what can be done now. Please suggest
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