pre-operative expenses or loss
This query is : Resolved
seema singla
(Querist)
12 June 2009
A pvt. co. was regd 2 years ago.No work till is carried on by the co. Also in the next 2-3 years it is going to do nothing. The only expenditure incurred are legal fee, audit fee and ROC filing Fee. I want to know whether these are treated as pre-operative expenses or this will be treated as loss and a return of loss is to be filed. I want to have a clear picture of the situation. Can anyone make it clear to me,if possible please.
Guest
Guest
(Expert)
12 June 2009
Hello Seema,
This expenses not treated as Pre-operative expenses; You should to charges these expenses as under the head of Profit & Loss account and submit the return accordingly as on the loss basis. Further, you can set off the losses in future Financial periods.
This expenses not treated as Pre-operative expenses; You should to charges these expenses as under the head of Profit & Loss account and submit the return accordingly as on the loss basis. Further, you can set off the losses in future Financial periods.
seema singla
(Querist)
12 June 2009
Thanks for the answer sir,
I have one problem that last year return has been filed by indicating these exps as pre-oper. exps and not by loss. what can be done now. Please suggest
I have one problem that last year return has been filed by indicating these exps as pre-oper. exps and not by loss. what can be done now. Please suggest
12 June 2009
these are the pre operating expeses but tell me about that when the company stat the working
these will be treated as pre operating exp
these will be treated as pre operating exp
CA Nitin Wadhwani
(Expert)
13 June 2009
I agree with Mr.Rajesh.
CA Nitin Wadhwani
(Expert)
13 June 2009
I agree with Mr.Rajesh.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
CAclubindia
