Dear Users,
A company registered with ROC in FY 11-12.....
Iam thinking to file ROC returns now from Incorporation showing Preliminary and Preoperative Expenses as not written off for first two years and IT returns from FY 13-14 onwards.....
to file IT returns for FY 13-14 there is balance of Rs.38000 and 15000 as Preliminary and Preoperative expense of Previous Years
If i show income for FY 13-14 then how to deal with above two expenses which has not been written off in Previous years due to lack of Income or operations.
I know sec 35D deals with Preliminary expenses (Amortized for 5yrs) but how to deal with Preoperative expense...? does it comes under preliminary under sec 35D?
If i file IT returns from FY 13-14 skipping FY 11-12 and 12-13 of a company would it make any consequences?
CAclubindia
