Revised schedule vi

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CAVISHAL DHAMIJA (Querist)
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25 September 2012 In one Balancesheet there are some pre-operative expenses and preliminary expenses carried forward from last years. And the company is a real estate company and no project is yet started . Pl. advise me what should i do in Balancesheet. In current year only commission income is there. Pl advise.

Regards

CA Vishal Dhamija

Amol S Joglekar

Amol S Joglekar (Expert)
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25 September 2012 but then what is the difficulty? Go by the accounting standards. Add line items where ever found and felt necessary.

CAVISHAL DHAMIJA

CAVISHAL DHAMIJA (Querist)
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25 September 2012 Thanks sir but can i write off all these expenses or carried forward pre-operative expenses .

Amol S Joglekar

Amol S Joglekar (Expert)
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25 September 2012 1/5th can be written off.

CAVISHAL DHAMIJA

CAVISHAL DHAMIJA (Querist)
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26 September 2012 thanks sir

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