09 July 2010
a newly established company , any expenditure incurred inrespect of testing machinery and any other expenditure incurred whether provision can be able to made in respect of such expenditure ,if there is operating loss if not please specify with provision
09 July 2010
Sorry ,Iam not able to get your doubt in the whole sense but what I understand is that u want to create a deferred expenditure during the year and claim subsequently.well, if the company has not commenced its operations it can treat all its expenses as pre-operative expenditure and write-off from the year of commencement of production/realisation of receipts.
CAclubindia
