preliminary Vs pre-incorporation expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 May 2011
what is the difference between preliminary expenses & pre-incorporation expenses as per company law.
plz help urgent.
thanks & regards
plz help urgent.
thanks & regards
24 May 2011
All pre-incorporation exp can be treated as preliminary exp but all pre - incorporation exp can not be treated as preliminary exp.Beside this all preliminary exp incur after establishment but before commencement of business can be allowed as deduction under the income tax act which is not applicable in pre incorporation exp.
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