Hello Everyone,
I have a company which was started on 01.11.2011. We have spent some money for preliminary expenses & some for pre operative expenses. No other expenses are incurred. We are planning to wind up company on 31.03.2013 by preparing Financial Statements for 15 months.
I want to know what to do with preliminary & pre operative expenses. Write off or show in non current assets & in case expenses are not written of completely what happens to balance expenses in the books since we are winding up the company -
1. Do we need to prepare Financial Statements along with Auditor's Report for all the years upto which expenses are written off completely ?
2. Do we need to file IT Return for all these years ?
3. Since this is a Voluntary winding up by members what should we write in Auditors Report. Please keep in mind that this is a first & last year of operation. ?
I need it urgent. Thank you in advance.
CAclubindia
