Hello,
3 foreigners planning to set-up a restaurant in India travel all over India for some reasearch. They have incurred various exps like air travel, road travel, hotel exps etc. However, they haven't incorporated a Pvt Ltd Co. yet for their purpose. Is there any chance they can claim set-off of these expenses to their future profits after they set-up their Pvt Ltd Co.?
In other words, can an Indian company with only foreign directors and foreign share holders enjoy the benefits of Sec 35D?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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Hema Yashwanth & Associates
Chennai
B.Com
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CCI
Pro
CAclubindia
