02 September 2013
Sir I am a legal professional. I paid Rs 40,601/ as electricity bill during FY 2012-13 out of which Rs 15770/- was electricity bill dues of FY2011-12.Should I claim 40,601/ as business expenses or should claim 24,831(40601-15770). Thanks
02 September 2013
since ur professional you must be maintaining books on cash basis so if in prev years if u have not taken any deduction then on payment basis this time u will be allowed.