Poonawalla fincorps
Poonawalla fincorps

Written of preliminary expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2012 hi,

as per revised sch vi, should we written of preliminary expenses 100% in the current year? or it will be written of 5 equal instalment...?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
04 July 2012 It will be expended out in the year of expenditure only.

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