Company - revised sch vi
This query is : Resolved
07 February 2013
Good Evening,
Company incorporation / preliminary expenses written off can be shown in other current assets (in Revised Sch VI) or not?
OR
How to account....
please clarify
thanking you
Company incorporation / preliminary expenses written off can be shown in other current assets (in Revised Sch VI) or not?
OR
How to account....
please clarify
thanking you
CA Kishore Tallam
(Expert)
08 February 2013
If the amounts are written off, they cannot be shown as assets.
Also preliminary expenses cannot be carried forward. They have to charged off.
Also preliminary expenses cannot be carried forward. They have to charged off.
Soumitra Basu
(Expert)
10 February 2013
YOU CAN CARRY FORWARD PRELIMINARY EXPENSES OR CHARGE OFF THE SAME ACCORDING TO YOUR OWN DISCRETION. IF YOU CARRY FORWARD THAT WILL BE SHOWN UNDER LONG TERM OTHER ASSETS MORE THAN 12 MONTHS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
