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About allowability of expenditure

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2012 expenditure incurred before commencement of business but after incorporation of company, is allowable under income tax act...

which expenditure is allowable..(I.e. capital expenditure and/ or revenue expenditure.)

if allowable how much is the deduction.
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
29 June 2012 READ SEC 37 OF THE INCOME TAX ACT
GENERAL DEDUCTION

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