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Treatment of expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 October 2017 Dear Experts,

The scenario:
We have private limited company which has been incorporated in September 2016, but there is no sale of service or goods in the FY 2016-17, but it paid the rent for its register office and Audit fee provision for the year has been charged in P&L.

My Question:
whether those expense can be charged in P&L while there is no revenue generation in the year?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 October 2017 These expenses have to be charged to P&L whether there's any revenue or not.
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2017 Thank you so much sir
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