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Prior Period Exp.

This query is : Resolved 
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(Querist)
02 July 2011 I recd. a bill from my consultant dated 29.6.10, but exp is related with 2009-10 and i did not Dr.it in P/L of 2009-10,

1. My first question is that can I Dr. this Exp.of 2009-10 in P/L of 2010-11 for income tax purpose

2. And If Exp is allowed should I deduct and deposit TDs without Interest or TDS with Interest
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DEEP SINGH TOMAR

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DEEP SINGH TOMAR (Expert)
02 July 2011
you can debit expenses of 2009-2010 in P/L of 2010-2011 of income tax.

Expenses pertaining to last year, will not allowed next year.

The Tds may deduct on the same bill in next year, tds deposit without interest.
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Harish Chandra

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Harish Chandra (Querist)
03 July 2011 please clear you answer ,yes or no.
In first line you agreed thal exp allowed in 10-11
but after yot wrote not allowed as per act

and tell if exp not allowed ,is tds still deductable or not
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Harish Chandra

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Harish Chandra (Querist)
10 July 2011 please help me on above query
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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