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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
