TaxTMI 
TaxTMI 
Pre operative exp.
X X X X Extracts X X X X
X X X X Extracts X X X X
....re operative exp.<br> Query (Issue) Started By: - aishwarya gupta Dated:- 13-12-2012 Last Reply Date:- 25-2-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>In income tax preoperative exp. can either b....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e capitallsed to fixed asset and claimed as depreciation, or claimed as deduction in the year in which business commences. A Company capitalised pre operative exp. under the head Miscellaneous expndit....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ure and did not claim anything in ITR for many years. Now when the matter came to notice, can the co. claim full deduction of such exp. in current year? Reply By MARIAPPAN GOVINDARAJAN: The Reply: H....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ave you got clarified in the above issue? If not please inform me.<br> Discussion Forum - Knowledge Sharing ....