capital advance as application of income for trust


(Querist)
15 March 2019
Hi
IF we pay some capital advance to purchase any assets or mobilization advance for any contract for next year and paid in this year. Will it be treated as application of income
Niraj Kapoor
Thanks in advance


Amol S Joglekar (Expert)


Click to Talk 16 March 2019
yes. It can be treated as the application of income


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