preliminary expenses
This query is : Resolved
05 September 2009
what is the accounting and income tax treatment of preliminary expenses (takes place before incorporation of company) but those are not mentioned in section 35D. eg- fees paid to create internet domain address
05 September 2009
As per AS 26 Prelimenary expenses are to written off in the first year of commercial operation.
Fee paid to create internet domain address is a pre operative expense but not prelimenary expense.
So it is to be capitalised.
Prelimenary expenses means expenses incurred for incorporation of a company.So, fee paid to create internet domain address is not a preliminary expense.
Fee paid to create internet domain address is a pre operative expense but not prelimenary expense.
So it is to be capitalised.
Prelimenary expenses means expenses incurred for incorporation of a company.So, fee paid to create internet domain address is not a preliminary expense.
CA CHINTAN AJMERA
(Expert)
05 September 2009
Agree with expert
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
