P&L ac of a partnership s/w firm in india

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2010 how to prepare a P&L a/c for partnership firm engaged in s/w business. the expenses which are aloowed & disallowed while calculating the profit/loss. the company is filing the return for the first year, though its registered in 2005. till 2008-09 there was no revenues, in 2009-10 some revenues are generating, eventhough the company is in loss. please help. purchase of computers,it has 7 employees & 9 computers(among 9, 3nos was purchases in 2007, 3 nos in 2008& 3 during 2009), purchase of domains,softwares, imagesetc for the websites etc are the expenses. The company is operating partly for a US based company, so every month the US company will be transfering foreign money to the said company's bank a/c. Pls help, i am desperatly in need