Expense allowance or disallowance
This query is : Resolved
02 April 2012
WE RECEIVED A BILL OF JUNE, 2010 IN MARCH 2012.. THE BILL WAS NOT BOOKED AT ALL..
NOW WE RECEIVED THE BILL AND HAVE TO PAY BY CHEQUE IN 2012-13.. WHETHER WE CAN CLAIM THE DEDUCTION OF EXPENSE IN THE YEAR OF PAYING (2012-13) OF BILL DATED JUNE,2010
NOW WE RECEIVED THE BILL AND HAVE TO PAY BY CHEQUE IN 2012-13.. WHETHER WE CAN CLAIM THE DEDUCTION OF EXPENSE IN THE YEAR OF PAYING (2012-13) OF BILL DATED JUNE,2010
03 April 2012
Firstly, the assessee should not entertain such bills. However, we require a solution for it.
Hence, Bill date doesnot matter. But please see the period of availing such services. If the period falls in 2011-12, then the same will be allowed. Else it will be disallowed.
Hence, Bill date doesnot matter. But please see the period of availing such services. If the period falls in 2011-12, then the same will be allowed. Else it will be disallowed.
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