if short provision of prior period expenses is made then same is disallowed or not?
vivek chandan (Student CA Final ) (24 Points)
31 December 2012if short provision of prior period expenses is made then same is disallowed or not?
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 31 December 2012
provision is always an estimate, so even if there is short provisining then the expense would not be disallowed. However the expense is disallowed only if it is not charged to teh period to whihc it realtes.
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