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Exps incurred before incorporation: can exps be claimed?

This query is : Resolved 
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(Querist)
04 June 2012 Hello,

3 foreigners planning to set-up a restaurant in India travel all over India for some reasearch. They have incurred various exps like air travel, road travel, hotel exps etc. However, they haven't incorporated a Pvt Ltd Co. yet for their purpose. Is there any chance they can claim set-off of these expenses to their future taxable profits under Income Tax Act after they set-up their Pvt Ltd Co.?
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yashsr

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yashsr (Querist)
05 June 2012 In other words, can an Indian company with only foreign directors and foreign share holders enjoy the benefits of Sec 35D?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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