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Pre Operating Expenses in Partnership Firm

Amit Jain (Proprietor ) (533 Points)

15 October 2019

How to treat Pre Operating Expenses in Partnership Firm

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Kapadia Pravin (17254 Points)
Replied 15 October 2019

Under section 35D , amortization of such pre operative expenses is allowed to be amortized equally over a period of 5 years subject to expenditure limits .

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