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Income tax

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(Querist)
19 April 2015 Are the expenses accrued in one year but payable in next year allowed in IT Act? for example of provision for salary, Electricity expenses made in month of March payable in April of next year.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 April 2015 Yes it is allowed under IT Act.

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