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.
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
- TAN for Partnership
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- LTCG for Assmt year 26-27
- NON- SUBMISSION OF LLP FORM 3
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
