31 December 2012
A company had debited the entire amount of prelimiary exp in the first year of its incorporation showing loss along with other administrative expenses. Can the Company claim the expenses in five(5) equal instalments for Income Tax purpose in subsequent years? If yes, where this item of exp. would be fiiled up in ITR-6. Also, " prior period exp", being disallowable, - where to put this amount in ITR-6 ?
CAclubindia
