Sec 35d of it act
This query is : Resolved
20 September 2013
Hi to all!!!
can any one explain all the provisions of Preliminery expenses written off.
My Calculation for this and my boss calculation is not at all same....
please help me in this point....
can i give the values also..
can any one explain all the provisions of Preliminery expenses written off.
My Calculation for this and my boss calculation is not at all same....
please help me in this point....
can i give the values also..
21 September 2013
dear venkata..
it would be easier if you could share the figures.
it would be easier if you could share the figures.
23 September 2013
incorporated on 02-01-2010
preliminery expenses incurred = 229511
share Capital = 1,00,000 on the date of incorporation.
later on share capital was raised to 4,00,000
preliminery expenses incurred = 229511
share Capital = 1,00,000 on the date of incorporation.
later on share capital was raised to 4,00,000
23 September 2013
Dear Venkata,
With respect to companies act, the whole of the preliminary expense need to be charged to P&L in the first year itself.
With respect to income tax, charge Rs 45902 each year. You need to create deferred tax asset on the timing difference. See if you have computation as mentioned above!
With respect to companies act, the whole of the preliminary expense need to be charged to P&L in the first year itself.
With respect to income tax, charge Rs 45902 each year. You need to create deferred tax asset on the timing difference. See if you have computation as mentioned above!
23 September 2013
if u dnt mind can u give clear explain the steps how u got that @ Nikhil
23 September 2013
can you share your working at ca.nikhilkaushik@gmail.com
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