- Knowledge Base - https://help.fbr.gov.pk -

Definition of Pre-commencement Expenditure

Pre-commencement Expenditure means any expenditure incurred before the commencement of a business wholly and exclusively to derive income chargeable to tax, including the cost of feasibility studies, construction of prototypes, and trial production activities, but shall not include any expenditure which is incurred in acquiring land, or which is depreciated or amortised.