HOW TO DEAL WITH PRE-INCORPORATION EXPENSES IN BALANCESHEET AS PER REVISED SCHDULE VI.PLZ GVE THE REASON FOR UR ANSWR. (mns related section and provision)
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Pre-incorporation expenses
Replies (2)
you should show them under the head non current assets in other assets in the cloumn of unamortised expenses
with respect to write off generally 1/5 th is written off every year to be in line with sec 35D of Income tax Act ,1961
Thanks for r Reply!
But our Balance is made according to Companies Act. so in that case is there is something in this context in Companies Act.?
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