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pre incorporation

This query is : Resolved 
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(Querist)
21 June 2016 why profit or loss of pre-incorporation period is transferred to capital reserve a/c.
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Rupesh Jain

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Rupesh Jain (Expert)
22 June 2016 this is not related to the business of company, in which company not in doing business, but under income tax you have to pay the tax.

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