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Treatment of Interest accrued on FD during pre operation per

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(Querist)
25 July 2011 A private LTD Company earned interst on FD's accumulated using the share application money & unsecured loans during pre operation period of Rs. 261862/- .whether it can be set off against pre operative expenses
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
25 July 2011 income earned during pre operation can be set off against pre operation expense

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