Accounting treatment

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Murli Dadhich (Querist)
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05 July 2014 Treatment of Preliminary Expenses and Pre operative expenses under:-
-Income tax
-Company Act
-AS 26
-Schedule VI

Rupesh Jain (Expert)
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05 July 2014 preliminary exp under income tax 1/5 every year, and preoperative exp can capitalize.

Ganeshbabu K (Expert)
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05 July 2014 It can be expensed to profit and loss account in the first year in which commercial operations commenced
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as per companies act

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