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Prior period expenses

This query is : Resolved 
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(Querist)
29 August 2013 Dear experts,
Kindly Suggest.

Bonus Paid 110000 relates to year 2011-12 paid in year 2012-13, should this be disallowed in year 2012-13 as prior perid expense?Further facts, 2011-12 no provision was made for bonus.


Kindly help .
Thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 August 2013 Bonus can be claimed on paid basis. even provision provide yearly based also it will be disallowed. and allowed on payment basis
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