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Preliminary expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2016 What is the treatment of expenses like payment to MCA portal for formation for private ltd company? Should they be shown under non current assets and amortised over 5 years
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CA ABHAY GUPTA

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CA ABHAY GUPTA (Expert)
13 August 2016 yes as per section 35 you have to amortized them in 5 year

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