Dear All,
Can anyone tell me how to treat LLP formation expenses in Financial Statement of LLP?
Will this be treated as preliminary expense in ITR??
Priyanka Mahajan (CA Practice ) (404 Points)
15 October 2013Dear All,
Can anyone tell me how to treat LLP formation expenses in Financial Statement of LLP?
Will this be treated as preliminary expense in ITR??
CA Ashish Lodha
(Chartered Accountant)
(184 Points)
Replied 19 October 2013
Show them as preliminary expenses & write them off within 5 years.
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