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Pre year expences

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2011 dear experts

we have booked some previous year(2007-2008) brokerage expences in FY 2008-2009. the expences were not booked in 2007-2008.

will IT department disallow the expences.
pls mention the under section of income tax.

PLEASE REPLY
thanking you
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
30 November 2011 It depends on the reasons to not booked in the year 2007-08 and the satisfied by the AO.
OM SAI SRI SAI JAI JAI SAI
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