Preliminary exp.

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30 June 2011 In PVT LTD / LTD company if there is no business in first year than company are allowed to w/off 1/5 preliminary expenses ?

30 June 2011 No, the company can get amortisation benefit only after commencement of business. In case business has not been commenced in first year than company is not allowed to w/off 1/5 preliminary expenses.


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