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Treatment for expenses and assets purchased prior incorporat

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02 November 2011 Dear All,

Could you please let me know if company has purchase some fixed assets like printers laptops prior to incorporation what will be the entries in the books of accounts it should be shown as fixed assets prior to incorporation of on the date of incorporation and it should be treated as incropration expnse..

Waiting for your reply
Thanks.
Himanshu

05 November 2011 The expenses will be treated as preliminary expense and section 35D is applicable.



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