Effect of preliminary exp on mat

Save Share

This query is : Resolved

Nirav Shah (Querist)
Follow

29 September 2013 Dear Members,

Preliminary exp is to be written off @ 20%

as per IT Act. As per Co. Law it is 100% allowed.

For MAT Book Profit whether Preliminary exp. is to be added back.

& What will be the effect of above in P&L Schedule of ITR

Arun Biyani

Arun Biyani (Expert)
Follow

30 September 2013 for the MAT preliminary exp are not to be added back..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now