Deduction u/s 35D! its urgent
This query is : Resolved
Shammi_Vision
(Querist)
08 July 2010
Dear sir,
We have incorporated a new company on dated 02.03.2010. The expenses incurred on its incorporation are amounting to Rs. 25,900/-.
Now I want to know that how much amount of preliminary expenses can be claimed during the previous year 2009-10 under section 35D of the Income tax Act, 1961.
For your kind information the paid up capital of the company is Rs. 100,000 while it has no fixed assests and any other long term borrowings.
Plz reply its urgent
Thanks in advance
Shammi
We have incorporated a new company on dated 02.03.2010. The expenses incurred on its incorporation are amounting to Rs. 25,900/-.
Now I want to know that how much amount of preliminary expenses can be claimed during the previous year 2009-10 under section 35D of the Income tax Act, 1961.
For your kind information the paid up capital of the company is Rs. 100,000 while it has no fixed assests and any other long term borrowings.
Plz reply its urgent
Thanks in advance
Shammi
Aditya Maheshwari
(Expert)
08 July 2010
Again
https://www.caclubindia.com/experts/reg-allowance-of-preliminary-expenses-u-s-35d-424485.asp
https://www.caclubindia.com/experts/reg-allowance-of-preliminary-expenses-u-s-35d-424485.asp
Aditya Maheshwari
(Expert)
08 July 2010
May be for others views.
Keeping the query open.
Keeping the query open.
09 July 2010
This would be least of the following:
a) 5% of capital employed, or
b) Preliminary exp.
Hence, answer will be Rs. 5,000(5%X100000)
regards!!!
a) 5% of capital employed, or
b) Preliminary exp.
Hence, answer will be Rs. 5,000(5%X100000)
regards!!!
Message likes :
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Aditya Maheshwari
(Expert)
09 July 2010
Same reply given.
Query resolved.
Query resolved.
Message likes :
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