Preliminary Expenses
This query is : Resolved
16 December 2009
Hi friends
Can any 1 tel me the treatment of preliminary expenditure, if a company incurres a continues loss for 5 consecutive years?
Can any 1 tel me the treatment of preliminary expenditure, if a company incurres a continues loss for 5 consecutive years?
16 December 2009
Still you have to amortize the preliminary expenses.
To that extent; loss will be more.
To that extent; loss will be more.
16 December 2009
amortization is compliance with section 35D of Income Tax as a result loss increases and the same can be carried forward and set off.
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