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
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Subscription paid to foreign customer
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
