prior period expenses
This query is : Resolved
24 November 2007
is prior period expenses are allowable as deduction in computation of incometax
24 November 2007
PRIOR PERIOD EXP. ARE NOT ALLOEWED IN INCOME TAX.
EVEN STATUTORY PAYMENTS ARE DISALLOWED BUT THEY WILL BE ALLOWED IN THE YEAR OF PAYMENT.
R.V.RAO
EVEN STATUTORY PAYMENTS ARE DISALLOWED BUT THEY WILL BE ALLOWED IN THE YEAR OF PAYMENT.
R.V.RAO
27 November 2007
Please tell me under which sec prior period expenses disallowed then i can refer
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