Treatment for expenses and assets purchased prior incorporat
This query is : Resolved
Himanshu Dave
(Querist)
02 November 2011
Dear All,
Could you please let me know if company has purchase some fixed assets like printers laptops prior to incorporation what will be the entries in the books of accounts it should be shown as fixed assets prior to incorporation of on the date of incorporation and it should be treated as incropration expnse..
Waiting for your reply
Thanks.
Himanshu
Could you please let me know if company has purchase some fixed assets like printers laptops prior to incorporation what will be the entries in the books of accounts it should be shown as fixed assets prior to incorporation of on the date of incorporation and it should be treated as incropration expnse..
Waiting for your reply
Thanks.
Himanshu
05 November 2011
The expenses will be treated as preliminary expense and section 35D is applicable.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
