treatment of expenses
This query is : Resolved
seema singla
(Querist)
20 August 2008
Sir, I have two questions.
1.A Private ltd co. regd on 30-8-2005 have no business transaction till now.but there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and a return of loss to be filed.
2 A Public ltd co. regd on 30-8-2005. The Building and Plant & Mach. is under construction and there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and consequently a return of loss to be filed.
1.A Private ltd co. regd on 30-8-2005 have no business transaction till now.but there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and a return of loss to be filed.
2 A Public ltd co. regd on 30-8-2005. The Building and Plant & Mach. is under construction and there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and consequently a return of loss to be filed.
20 August 2008
in both the questions it has to be treated as pre operative Expenses
CA.Tarun Maheshwari
(Expert)
20 August 2008
Yes. Pre Operative Expenses.
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