Accounting treatment for exp upto commencement of business

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Shashank Kotak (Querist)
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12 July 2012 Dear Sirs,

What is the accounting treatment for the following :

Expenses incurred upto commencement of business such as rent etc - should it be treated as a pre-liminary expenses and w/off for 5 years as per sec 35D ??

The expenses upto incorporation stage needs to be w/off for 5 years which is known to me as per IT Act, 1961

but is the pre-operative expense referred above should be given same treatment ?? Kindly clarify...

Kindly mention the a/cing treatmet which needs to be passed in Co's books and to be considered in IT Act,1961.