will expenses incured befor set up of business will be allowed as deductiable expenses ?
or
will that be called as pre operative expenses allowable u/s 35D
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 14 April 2009
Arvind
As per income tax laws OR company law in both cases the expenses incurred before the commencement of production ie treated as PRE-Operative expenses................