Prior perid expenses
This query is : Resolved
17 April 2013
pls tell me what is the tax teratment of following transaction:-
Fixed asset purchased on 31-03-2012
but booked on 07-11-2012
Fixed asset purchased on 31-03-2012
but booked on 07-11-2012
31 July 2013
It is not expenses, how ever the depreciation related to previous year is prior period expense
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