Preliminary Expenses
This query is : Resolved
CA Mukesh Mishra
(Querist)
08 June 2010
Dear Sirs,
if a resulting company have incurred expense on registration of Companies, then whether resulting company can trat this expenses as preliminary expense or general expenses. If company trat it as preliminary expenses whether it can write off in 10 equl instalments.
if a resulting company have incurred expense on registration of Companies, then whether resulting company can trat this expenses as preliminary expense or general expenses. If company trat it as preliminary expenses whether it can write off in 10 equl instalments.
CMA Ramesh Krishnan
(Expert)
08 June 2010
it is preliminery expenses, need to write off 1/5 th every year for 5 years
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