PREOPERATIVE EXPENSES
This query is : Resolved
06 November 2009
A limited co. incorporated in Jan.2009 till march'09 it has purchased machine, furniture etc. and not commence its business. My query is,(1)whether the expenses incurred upto march'09 is to be debited in preoperative expenses and not prepare P & L a/c or claim business loss. (2) if debited in preoperative expenses how can file Form 23ACA in ROC
06 November 2009
Debit the revenue expenses in preoperative expenses. In the notes on account, along with others , mention that no profit and loss account is prepared since the company has not commenced its business. Attach this 'notes on account' to e-form 23 ACA and upload.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Salary and pension received from Asian Development Bank
- BIS Certificates
- Last year TDS Claim
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
