20 August 2008
Sir, I have two questions. 1.A Private ltd co. regd on 30-8-2005 have no business transaction till now.but there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and a return of loss to be filed. 2 A Public ltd co. regd on 30-8-2005. The Building and Plant & Mach. is under construction and there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and consequently a return of loss to be filed.
CAclubindia
