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HOW U WILL DO ACCOUNTING OF LIFETIME PREPAID SCHEME

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Pramod sapkal

Pramod sapkal (Querist)
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01 August 2008 HI FRIENDS

HOW U WILL DO ACCOUNTING OF OF LIFETIME PREPAID SCHEME IN TELECOMM COMPANIES AS INCOME BOOKEDIN ONE YEAR OR IT PARTLY BOOKED IN DEPOSIT & PARTLY BOOKED AS INCOME

PLEASE SOLVED MY QURIES

THANKING YOU

mohinder kansal

mohinder kansal (Expert)
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01 August 2008 The amount paid as lump sum rent, in my opinion may be claimed as deduction in the year of payment as the payment made under OYT scheme is fully allowable as expenditure in the year of payment vide CBDT circular

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