AVTANSH JAIN (Business) (299 Points)
30 May 2012Please tell what is the treatment of pre-operative expenses as per Revised Schedule VI.
Specify the amount amortised also.
Thanks in advance.
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 30 May 2012
dear avtansh,
as per as 26 no amount can be carried forward as deffered revenue expenditure. so you need to write off whole of the expense in the p&l a/c.
cheers
ganesh agarwala
CAclubindia
