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deferred revenue expenditure

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16 September 2008 it,s a pvt.ltd they spent Rs.60lakhs as advertisement. they can write off 1/3 in books and in IT adjustment they can claim entire expenses in first year itself.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
16 September 2008 Yes, it can be done. However, an Accounting Policy to that effect be given in the Final Accounts.
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Jitender

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Jitender (Expert)
16 September 2008 as per as-26 , advertisement exp can't be deferred.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
17 September 2008 No.
As Per Revised AS-26, Advertisement Expenditure Cannot Be Deferred.
Also After Revised AS-26, there is no such thing known as Deferred Revenue Expenditure.
Outflow of Resources Is To be Classified As Intangible Asset(Satisfying Conditions of AS-26) or Else Charged To Profit Statement in the year of incurrence.
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