12 February 2015
My client get a notice form IT Department U/s 139(9). And they issue is that they are demanding to route the preliminary expense from P&L Ac and then add it back in BP Column under section 28 to 44DA. ? What is the solution of this ?????????????
12 February 2015
First check whether preliminary expenses w/off in full or as per IT act allowed. If it is full the excess portion has to be add back while filing return. Please confirm and rectify if needed.
13 February 2015
that company is incorporated last year and haven't started its businees yet and this is its first return so what should i do to rectify the return? If do rectify the return as per there solution then it will going to change my balance sheet and profit and loss account, which is not possible to change now.
CAclubindia
