Pre incorporation Expenses
This query is : Resolved
02 September 2009
Hello Members,
A new company - ABC hospitality services pvt ltd was incorporated dt 1.11.2008 to carry on the business of hospitality ie providing services such as masssage , relaxing etc, . The company has incurred some expenses towards travelling (expenses prior to the date of incorporation( ie before 01.11.2008 )and others. How the same is treated under
(a) companies act
(b) under IT act
Thanks in advance
Regards
Tejashwini
A new company - ABC hospitality services pvt ltd was incorporated dt 1.11.2008 to carry on the business of hospitality ie providing services such as masssage , relaxing etc, . The company has incurred some expenses towards travelling (expenses prior to the date of incorporation( ie before 01.11.2008 )and others. How the same is treated under
(a) companies act
(b) under IT act
Thanks in advance
Regards
Tejashwini
03 September 2009
No doubt priliminary exp
03 September 2009
will be allowed in 5 fianncial years for IT purpose
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Traces submitting correction statement error
- ITR-Capital Gain
- ITR-3 File/Error Found
- Rent claimed on building given on permissive possession basis
- IT returns for fresh job holders
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
