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Preliminary Expenses

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(Querist)
23 September 2009 Please tell me the procedure to write off the preliminary expenses as per companeis act. 1956
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Ankur Garg

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Ankur Garg (Expert)
23 September 2009 For company law it can be written off to the 100% from the profit. No bar for 100% write off in a single year.

Amount not written off will be exhibited under Misc. expenditure (to the extent not written off) in the Balance-sheet


Regards
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Ankur Garg

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Ankur Garg (Expert)
26 September 2009 Thanks for the Gesture Deepika...All the Best.
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