I have "not writtenoff preoperative expenses Rs.97000/- " sitting in the asset side from long back in my balance sheet. Can I writeoff such whole amount this year making this year's profit as nil and file income tax return as nil profit- will Assessing officer accept this or will he add back this amount and ask me to pay any incometax -pls suggest
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Preoperative expenses
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such expenses are to be written off in 10 yearly installments.
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