Thanks Vinay.
Public Issue Expenses and its tax treatment
Page no : 2
virender
(ACCOUNTANT)
(22 Points)
Replied 07 December 2011
Dear Sir/Madam,
We are a Limited Company and persuing to IPO, in this regard we had made an expense about Rs. 40 Lacs in f.y. 10-11. We are interested to know whether the above amount is exempted fully or partially from Income tax Act. and also let us know what would be the treatment as per accounting standard in the Balance sheet.
Thanks & Regards
Virender Kumar Jain
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