In how many years can a company amortise preliminary expenses under Companies Act and under which section or schedule? pls help
Sagar Kulkarni (Articled Assistant) (85 Points)
16 January 2010In how many years can a company amortise preliminary expenses under Companies Act and under which section or schedule? pls help
Vivek
(Finally passed CA Final...!!!!!)
(1097 Points)
Replied 16 January 2010
Left to the decision of the company.... But advisable to write off in 5 years,,, Income tax provides writing off in 5 years.
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