Effect of preliminary exp on mat
This query is : Resolved
29 September 2013
Dear Members,
Preliminary exp is to be written off @ 20%
as per IT Act. As per Co. Law it is 100% allowed.
For MAT Book Profit whether Preliminary exp. is to be added back.
& What will be the effect of above in P&L Schedule of ITR
Preliminary exp is to be written off @ 20%
as per IT Act. As per Co. Law it is 100% allowed.
For MAT Book Profit whether Preliminary exp. is to be added back.
& What will be the effect of above in P&L Schedule of ITR
30 September 2013
for the MAT preliminary exp are not to be added back..
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