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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

21 September 2009 yes, it is disallowed.

21 September 2009 Yes,Its Right its disallowed. Exp. allowed same year

30 December 2009 it depends on nature of expenses.

30 December 2009 nature of expanses ?



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