Expenses to show as per Companies Act and Income Tax Act

Amit Jain (Proprietor ) (533 Points)

18 November 2022  
If a company Incorporated in Dec'21 and file INC 20A in may' 22 but has not started business. Now my question is that how to treat the following expenditure as per Companies Act and Income Tax Act

1. Incorporation Expenses(Drafting MOA, AOA etc.)
2. Statutory Audit Fees
3. Other Expenses