Preliminary expenses
This query is : Resolved
12 August 2011
I want confirm,
we can writeoff preliminary expenses in case of only when pvt.Ltd.has adequate profit. in case of loss we can write off or not preliminary expenses.
Regards,
Umakant Tripathi
we can writeoff preliminary expenses in case of only when pvt.Ltd.has adequate profit. in case of loss we can write off or not preliminary expenses.
Regards,
Umakant Tripathi
12 August 2011
Written off of Preliminary expenses will start after commencement of business whether loss or profit doesnt matter
12 August 2011
Sec 35 D as per IT Act, profit is not essential for PE write-off.
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