Applicability of accounting standard 22 to section 25 compan
This query is : Resolved
27 September 2013
Please suggest me weather Accounting Standard 22 is applicable to Section 25 Company.
Also guide me on weather preliminary expense of Section 25 Company will be amortized as per Section 35D of Income Tax Act.
Please suggest as early as possible.
Also guide me on weather preliminary expense of Section 25 Company will be amortized as per Section 35D of Income Tax Act.
Please suggest as early as possible.
27 September 2013
U need to check the criteria for application of AS for level 1 2 or 3 as the case may be for its applicability.
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