Pre operative expenses / income
This query is : Open
09 September 2011
A company has incorporated in the year 2008 for Marble Trading but business is not yet started. It have a land from which it has earned income approx Rs. 30000/- also Interest received on deposit with Bank. Wheteher such incomes will adjusted with Pre operative expenses or other wise. Plz suggest its treatment in Balance Sheet and Income tax
09 September 2011
As per my view, you can consider these income under income from other sources. while the Preoperative Expenses Are treated As A defeerred Revenue Expenditure And Amortised Over A Period Of 5-7 Years. The Tax Treatment Is As Done For Other Deferred Expenditure And The Profit & Loss A/C Is Debited For The Apportioned Annual Amount Every Year
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CCI
Pro
CAclubindia
