TaxTMI 
TaxTMI 
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 the 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 proper treatment for the same.
Pre-operative Expenes
23 Mar 2012 
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Accounting standard AS-26 requires pre-operative and preliminary expenses be charged to the profit and loss account.
Under the Accounting Standard on Intangible Assets the concepts of pre-operative, preliminary and deferred revenue expenses are not recognised as separable deferred assets; preliminary and pre-operative expenditures must be debited in the Profit & Loss account, as explained in the standard's specified paragraph, and the standard applies to all entities from the implementation date. (AI Summary)
Under the Accounting Standard on Intangible Assets the concepts of pre-operative, preliminary and deferred revenue expenses are not recognised as separable deferred assets; preliminary and pre-operative expenditures must be debited in the Profit & Loss account, as explained in the standard's specified paragraph, and the standard applies to all entities from the implementation date. (AI Summary)