Tax treatment for preoperative expenses.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2011
dear members,
what is the tax treatment for preoperative expenses in the case of amalgamation in the books of amalgamated company which is already existed in the amalgamating company.can that expenses be carry forward by that new company & to be claim that expenditure or not?what is the relevant section in income tax to it?
what is the tax treatment for preoperative expenses in the case of amalgamation in the books of amalgamated company which is already existed in the amalgamating company.can that expenses be carry forward by that new company & to be claim that expenditure or not?what is the relevant section in income tax to it?
28 January 2012
It is to be capitalised and deduction to be taken on the basis of 5 equal installments
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