Pre-operative expenses

CA Bhavik Dave (AM-Finance & A/c) (68 Points)

28 March 2012  

Dear Team,

What is a treatment of expenses incurred by Private Limited Company on office rent, salary of staff, regular office expenses etc. after incorporation but before revenue generation under Income Tax.? Can the said expenses be treated as pre-operative and amortize over a period of time? 

Please advise.