HOW TO DEAL WITH PRE-INCORPORATION EXPENSES IN BALANCESHEET AS PER REVISED SCHDULE VI.PLZ GVE THE REASON FOR UR ANSWR. (mns related section and provision)
2 Replies
ravitheja
(CA Final)
(77 Points)
Replied 29 June 2012
you should show them under the head non current assets in other assets in the cloumn of unamortised expenses
with respect to write off generally 1/5 th is written off every year to be in line with sec 35D of Income tax Act ,1961
Mannu
(Employee)
(26 Points)
Replied 05 July 2012
Thanks for r Reply!
But our Balance is made according to Companies Act. so in that case is there is something in this context in Companies Act.?
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