TMI BlogPre-operative ExpenesX X X X Extracts X X X X X X X X Extracts X X X X ..... I have create a company and after incorporation, i incur some pre operative expense and other income like Interest on FDR so i prepare P L Account to claim these pre-op expense. Now the business of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he company has not been started. in next years company has not any income so we are showing expenses as pre-operative expenses. is it ok to show pre-op exp. after preparing P L account. please tell me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proper treatment for the same. - Reply By GOPALJI AGRAWAL - The Reply = Sunil Ji After application of AS-26 on Intangible Assets, the concept of pre-operative, deferred revenue etc do not exist. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The preliminary and pre-operative expenses have to be debited in the Profit Loss account itself. .For detail, please read para 56 of the said standard. AS 26 is applicable for all entities invariabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y w.e.f. 01/04/2004. - Pre-operative Expenes - Query Started By: - CA SUNIL BHANSALI Dated:- 23-3-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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