Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×
Home > Experts > Accounts > Schedule-vi


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Schedule-vi (Accounts)

Report Abuse
This query is : Open

Author : Anonymous

( Author )
30 April 2012

Please guide that in new Schedule VI, the preliminary/preoperative expenses have to be written off completely in the Profit & Loss or only 1/5th portion would be written off for the FY 2011-12.


Mihir Doshi

( Expert )
30 April 2012

Dear Author,

Revised Schedule VI doesnot prescribe the treatment. It speaks about presentation disclosure.

For preliminary Expense, you need to go through respective Accounting Standard or Guidance note for the same.

Thanks
Mihir doshi


Mihir Doshi

( Expert )
30 April 2012

Dear Author,

Revised Schedule VI doesnot prescribe the treatment. It speaks about presentation disclosure.

For preliminary Expense, you need to go through respective Accounting Standard or Guidance note for the same.

Thanks
Mihir doshi


Author : Anonymous

( Author )
30 April 2012

Sir, thanks a lot. Please let me know that if a trading company increases its authorized capital, expenses pertaining to it can be amortized in 5 years u/s 35D or not. Sec 35D speaks of preliminary expenses. Now increase in authorized capital of a trading company is a preoperative expenditure and whether it can be amortized over a period of 5 years u/s 35D in Income Tax? Please guide.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :








submit










Quick Links





back to the top