can any expenditure made before the commencement of business of capital nature be treated as preoperative expenses..??
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plz reply its urgent..
Replies (5)
| Originally posted by :somya | ||
| " | can any expenditure made before the commencement of business of capital nature be treated as preoperative expenses..?? | " |
| Originally posted by :somya | ||
| " | can any expenditure made before the commencement of business of capital nature be treated as preoperative expenses..?? | " |
if u can find the jusdgement of ITAT, den hon'ble members has in the case of fabrigem Jewellery Pvt. Ltd. has given finding that if the asssessee is a existing company and incurred expenses to expand its business further then that expenses will be treated at pre-operative expenses and allowed as revenue expenditure..... Thanks
| Originally posted by :ravikant pathak | ||
| " |
You can find the judgements from ITATonline.org Thanks |
" |
Yes Somya, Any expenditure made for the purpose of relevant business before the starting of the business can be treated as Pre Operative Expenses. But the expenses must be in relation of the business.
Yes. Tarun is correct.
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