PRELIMINARY EXPENSES

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2010 JUST TELL ME,
PRELIMINARY EXPENSES ALLOWED UNDER COMPANIES ACT 1/10TH OR 1/5TH.

AND WAT ABT IN MAT CALCULATION AND DEFERRED TRAX CALCULATION FOR THIS?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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26 August 2010 1/5 as per setion 35D.

Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2010 I M ASKING REGARD TO COMPANY ACT,
NOT UNDER 35D INCOME TAX ACT.

AND SEE MY SECOND QUERY ALSO OF DEFREED AND MAT

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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26 August 2010 Urs is a listed company or non listed?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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26 August 2010 In the books of accounts u have both options to write it off over a period of five years or write it off in one year itself.

All listed companies write it off in the year in which they are incurred and many non listed companies write it off over a period of five years.

For listed companies it is compulsory to write it off in the year in which they are incurred.

DTA can be made on the difference of written off as per books and allowable as per I. T. as in IT the same is allowable over a period of 5 years.