27 February 2008
For income tax Section 35D For company law it can be written off to the profit. Amount not written off will be exhibited under Misc. expenditure (to the extent not written off) in the Balance-sheet
05 March 2008
WHAT IS ALLOWED AS INCOME TAX DEDUCTION UNDER SEC 35 D IS 1/5 TH EACH YEAR. WHAT YOU CAN WRITE OFF UNDER COMPANY LAW IS YOUR DISCRETION. NO BAR FOR 100% WRITE OFFIN A SINGLE YEAR. IN ANY CASE SUCH NON CASH EXP. ENTER 1.CASH PROFIT CALCULATIONS AND 2. DTA/DTL CALCULATIONS.(DEFERRED ASSET AND DEFERRED LIABILITIES) R.V.RAO
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