Tax treatment of pre incorporation and pre operative expense

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Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2013 dear all

please clarify the following

what is the tax treatment for pre incorporation and pre operative expenses

Pankaj Gupta (Expert)
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04 January 2013 In case of company, pre incorporation income is taxable in the hands of promoters as income of aop.

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