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Preoperative Expenses & Set off of Losses

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(Querist)
02 June 2009 Hi Everybody

Can We write off Pre- operative expenses to Profit and Loss A/c?

Can the loss incurred during tax holiday period carried forward and set off against profit made after tax holiday period?

Please provide the input on the above queries.
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C.A.Javid Patel

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C.A.Javid Patel (Expert)
02 June 2009 1. you can write off preoperative expenses in the 5 installment.

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