Menu
Pre incorporation transactions
can we account for transactions before incorporation date of firm for income tax purpose.
Replies (5)
No. Not eligible, unless the expenses are related to incorporation of firm.
Transactions are related to firm before incorporation other than incorporation expenses
Check if the partnership deed has allowed the operation before incorporation date, including such expenses.
Nothing is mentioned as such in partnership deed
In that case its not admissible...
Recent Threads
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
Related Threads
CAclubindia
