2 Expenses on research and development of a new model, or advertisement and promotion of a product are examples of deferred expenditure.
3 Accounting standards require that the expense incurred is carried on the balance sheet as an asset, until it is written down over the years.
4 Normal business practice is to write off the expenses over a few years, rather than over a longer period of time.However, since expenses impact cost and profits, write-down are subject to rules and procedures.
5 If a large expense is incurred and charged to the profits in a single year, it is called an extraordinary expense, or non-recurring expense.
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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