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Querist : Anonymous

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Querist : Anonymous (Querist)
10 April 2010 Whether previous year expenses can be claimed as deduction in the current year under Income Tax Act
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
10 April 2010 no except deffered revenue expenses.
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CA Shiv

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CA Shiv (Expert)
11 April 2010 No. it will be disallowed in It act..
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CA Shiv

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CA Shiv (Expert)
11 April 2010 No. it will be disallowed in It act..
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
12 April 2010 It will be treated as prior period expenses. It will not be allowed in the current year exp.as per IT Act.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
19 April 2010 agreed with Ravi and continuing expenses on scientific Research, Incorporation Expenses
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