Pre commencement period expenses upto 3 years spent for research are
A. Ignored.
B. Allowed as expenses in the year of commencement of business.
C. Treated as capital expenses.
D. None of these.
Answer:A
Pre commencement period expenses upto 3 years spent for research are
A. Ignored. B. Allowed as expenses in the year of commencement of business. C. Treated as capital expenses. D. None of these.