prior year expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2011
can any one tell me the accounting treatment of prior year income & exp. and what is the tax treatment of prior year income & exp. while calculating income tax liability
01 February 2011
1. expenses and income will shown after tax in prfit & loss.
2. in computation the income is added and ignore the expenses
2. in computation the income is added and ignore the expenses
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