Menu
treatment of expenses befor partnership deed
my question is that I have incurred expenses to start a bussiness and I have made partnership deed after 4 month. so expenses incurred before partnership deed tested as preliminary expenses or it can be treated as partner capital contribution in book
Replies (1)
If the expenses are of capital natrure, you can book as Capital Contribution. Besides, you may treat it as Loan from Partner also.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
