Deduction under income tax

Tax queries 912 views 2 replies

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

Replies (2)

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................

 

Mr Arvind

I agree with Mr. Sorabh


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