our's is a Manfacturing company,incorporated in 1994 and started commercial production in 2007. rent, salaries, r & d,raw material purchases( on them vat, excise duty)business promotion exp etc. how to treat them in accounts and income tax. as per revised AS 26 there is no treatment for preoperative expenses.
Menu
Preoperative expenses treatment in accounts and income tax
Replies (1)
Companies act provides that pre - incorporation exp have to be capitalised completely.
But logic is killed her complety.
To justify - a company( as u mentioned) has to be incorprated to get life in it and hence there exist no evidence that there was a co. who was been runned.
Assuming it as public co. It has to get CoCoB to start it so the question itself is conflicting in nature.
Recent Topics :
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
