Hi,
Is it necessary the Expenses Bill before incorporation like Fixed Assets, rent agreement, administration expenditure bill named on company. if the all expenses in the name of director can he claim ??? pls. reply
Menu
Pre-incorporation Exp.
Replies (4)
company can claim all expenses in the name of promoter as its pre-operative exp.
Yes.. all the preincorporation expenses.... in accounting language v call it as Preliminary Expenses... director can claim...and v can write off that expenses in 3 years or 5 years as per company policy
Agree with the members.
When the company is not yet formed there is no question of the existance of any directors, since only the promoters have the authority and rights to purchase and expend for the req. of the company. so the exp. will naturally be in the name of the promoters.
Recent Topics :
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
Related Topics :
CAclubindia
