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Disallowance of expenses

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(Querist)
20 September 2009
Dear All,

Is prior period expense disallowed as per IT Act while computing income tax? if so under what section?

Thank you
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Jitender

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Jitender (Expert)
21 September 2009 yes, it is disallowed.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
21 September 2009 Yes,Its Right its disallowed. Exp. allowed same year



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Vishnu Saboo

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Vishnu Saboo (Expert)
30 December 2009 it depends on nature of expenses.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
30 December 2009 nature of expanses ?

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