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Prior Period Expense

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2010 What is the treatment of prior period expenses of a firm in the current AY
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srikanth

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srikanth (Expert)
09 July 2010 Hi

As per AS 5 prior period expenses has to show separately..and it will not be allowed as deduction as per IT Act
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2010 Under which section is it disallowed?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 July 2023
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