Treatment of pre-incorporation of expenses

nagarjuna (Practice) (137 Points)

28 May 2017  

How do we treat Pre-incorporation expenses such as Legal charges for formation of LLP, Drafting LLP agreement, getting some registrations post incorporation but prior to start of business such as Import Eport Code, VAT etc to ensure smooth flow of business?

Pls do explain me the difference in the treatment as per Income Tax Act and Companies Act, 2013.