Disallowance of expenses
This query is : Resolved
20 September 2009
Dear All,
Is prior period expense disallowed as per IT Act while computing income tax? if so under what section?
Thank you
Dear All,
Is prior period expense disallowed as per IT Act while computing income tax? if so under what section?
Thank you
Murtaza I Bhagat
(Expert)
21 September 2009
Yes,Its Right its disallowed. Exp. allowed same year
Vishnu Saboo
(Expert)
30 December 2009
it depends on nature of expenses.
CA Ravi Sisodia
(Expert)
30 December 2009
nature of expanses ?
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