deferred revenue expenditure write off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2010
Is there any new rule by which previous Deferred Revenue expenditure has to be written off entirely in current year(f.y. 08-09 or f.y.07-08)
11 May 2010
there is no such rule.
There is a recent case law whereby in income tax act deferred revenue expenses are allowable in the year which they are incurred irrespective of whether they are written of in the books or not.
There is a recent case law whereby in income tax act deferred revenue expenses are allowable in the year which they are incurred irrespective of whether they are written of in the books or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
