Deduction u/s 35D! its urgent
This query is : Resolved
08 July 2010
Dear sir,
We have incorporated a new company on dated 02.03.2010. The expenses incurred on its incorporation are amounting to Rs. 25,900/-.
Now I want to know that how much amount of preliminary expenses can be claimed during the previous year 2009-10 under section 35D of the Income tax Act, 1961.
For your kind information the paid up capital of the company is Rs. 100,000 while it has no fixed assests and any other long term borrowings.
Plz reply its urgent
Thanks in advance
Shammi
We have incorporated a new company on dated 02.03.2010. The expenses incurred on its incorporation are amounting to Rs. 25,900/-.
Now I want to know that how much amount of preliminary expenses can be claimed during the previous year 2009-10 under section 35D of the Income tax Act, 1961.
For your kind information the paid up capital of the company is Rs. 100,000 while it has no fixed assests and any other long term borrowings.
Plz reply its urgent
Thanks in advance
Shammi
08 July 2010
Again
https://www.caclubindia.com/experts/reg-allowance-of-preliminary-expenses-u-s-35d-424485.asp
https://www.caclubindia.com/experts/reg-allowance-of-preliminary-expenses-u-s-35d-424485.asp
08 July 2010
May be for others views.
Keeping the query open.
Keeping the query open.
09 July 2010
This would be least of the following:
a) 5% of capital employed, or
b) Preliminary exp.
Hence, answer will be Rs. 5,000(5%X100000)
regards!!!
a) 5% of capital employed, or
b) Preliminary exp.
Hence, answer will be Rs. 5,000(5%X100000)
regards!!!
Message likes :
1 times
09 July 2010
Same reply given.
Query resolved.
Query resolved.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
