Prior period exp allowable or not
This query is : Resolved
sumit jindal
(Querist)
06 November 2012
intt exp for the fy 2011-2012 which were not booked at that year,that exp allowable in the fy 2012-13 under the provision of t-tax act,if yes then pls refer that related clause.
Amol S Joglekar
(Expert)
06 November 2012
prior period expenses are not allowed under income tax act... except say exceptions enlisted in 43B.
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