05 March 2010
In Jan 2009 i started freelance consulting. In Jun 2009 i received my certificate of incorporation as pvt ltd co. During Jan-Jun 2009 (i.e, before incorporation), i earned some revenue as well as incurred some expenditure (rent, electricity, etc.,).
How will this be treated for tax purposes for financial yr ended 31 Mar 2010?
05 March 2010
for income tax pre or post incroperation doesn't matters. The income related for the P.Y. is taxed as par the slabe rate. Onlt for accountancy Pre or post incroperation is considerd.
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