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previous year expense's treatment under income tax

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(Querist)
04 July 2009 hi

can anyone tel me whether previous year expenses, not booked in accounts last year,be booked in current year and will they will be allowed as deduction under income tax act in current year?

Aslo i would like to know the treatment under companies act in current year.
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Rajesh U. Ameta

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Rajesh U. Ameta (Expert)
05 July 2009 in income tax it will not allowed.

in PL A/c it will be shown below the line of PL.

DTA/DTL may come in picture.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 July 2009 agree
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Krishan

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Krishan (Querist)
07 July 2009 In which section it is written or from where can i get it.
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