Preliminary expenses

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prasad (Querist)
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02 June 2016 I have incurred incorporation expenses 20000/-. i have not yet started any business and no more transactions upto 31/03/2016.My query is can i file nil return that means showing above expense under 'other non current assets' ?
or do i need to file loss return by booking above expense as per AS 26 ?

Kindly clarify with your valuable decisions

Amol S Joglekar

Amol S Joglekar (Expert)
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03 June 2016 If date of incorporation falls in the year 2015-16, do file the return, claiming the proportionate incorporation expenses

prasad

prasad (Querist)
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07 June 2016 i'm asking about preparation of f/s as per as26 i.e. how should i account incorporation expenses for the fy ?

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