Income tax

V.Manikanth (CA-FINAL) (44 Points)

17 September 2012  

Sir,

       Please clarify the following query regarding computation of incometax.

 

   A company has paid in AY 2012-13 amount of Rs. 14,00,000/- for block assessment as per assessment order given by ITO for AY 2007-2008, Should  thIs amount paid be allowed in return of income for AY 2012-13 or should we disallow it completely???? 

pls reply asap. . .

thanks in advance