27 May 2008
As per AS 26 whether preliminary expenses are to be written off immediately and not to carry over the period of years? If yes then from when it is applicable?
27 May 2008
PREL. EXP. CAN BE WRITTEN OFF IN 10 YEARS. THIS IS WHAT IS SAID UNDER AMORTISATION PERIOD UNDER AS 26 ALSO . SEC 35 D OF IT ACT ALSO STATES THE SAME. R.V.RAO
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