16 April 2008
THE BALANCE OF RS. 10000/ YOU MAY BOOK AS PRIOR PERIOD EXP.BUT PRIOR PERIOD EXP. WILL BE DISALLOWED BY THE ASSESSING OFFICER. WHAT USUALLY ASSESSEES DO TO AVOID DISALLOWANCE IS TAKE A CURRENT YEAR BILL FOR THE DIFF. AMOUNT AND BOOK AS EXP .THIS WILL NOT BE DISALLOWED. R.V.RAO
21 April 2008
Mr. CA Saurabh Maheshwari do you your own answer ? just check your replies in other queries also? Mr. Rao have a much experience and we can't judge them. He is a mysterious person and have vast knowledge therefore please avoid these type of postings to get the more points only??? Sorry , if it hurts you but its trueness only.
CAclubindia
