accounting
This query is : Resolved
03 February 2009
can we account old dated bill in the current financial year if so what are the tax implications regarding this
CA Suresh Choudhary
(Expert)
03 February 2009
No You cant
CA. Aryendra
(Expert)
04 February 2009
You have to accountfor because you need to paythe payment to the party but because bill is re;atied to old year, therefor expenses would not be allowed to deducted from the income of current year.
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