Preliminary expenses
This query is : Resolved
ashok bhurani
(Querist)
11 May 2015
As per section 35D of the Income Tax Act, qualified amount of preliminary expenses are to be written off in 5 years.
Whether there is any period or method of amortizing preliminary expenses under the companies act
Whether there is any period or method of amortizing preliminary expenses under the companies act
Nikhil Kaushik
(Expert)
11 May 2015
in companies act, you write off in the first year itself.
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