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Treatment of expenditure incurred for formationof 100 subs

Companies Law - Started By: - NITIN DESAI - Dated:- 22-6-2015 Last Replied Date:- 29-10-2015 - We haveestablised new 100% subsidiary company inUAE.for thispurposewe haveincurredexpensesin India and use Pl guide for accountingtreatment - Reply By Rama Krishana - The Reply = It is onus on the assessee to prove that the expenditure incurred is for the purpose of its business. It is case of facts and circumstances. You may encounter two type of situations, 1 whether the expenditure are capital or re .....

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