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To Write of f preliminary expenses

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(Querist)
27 May 2008 As per As 26 whether preliminary expenses are to be written off immediately and not to carry over the period of years? If yes then from when it is applicable?
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
27 May 2008 see ur duplicate query
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R.V.RAO

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R.V.RAO (Expert)
27 May 2008 PREL. EXP. CAN BE WRITTEN OFF IN 10 YEARS.
THIS IS WHAT IS SAID UNDER AMORTISATION PERIODUNDER AS 26 ALSO .
SEC 35 D OF IT ACT ALSO STATES THE SAME.
R.V.RAO
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