Profit prior item
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2015
Dear Sir,
Actually in the year A.Y 2013-14, I don't claimd any interest on loan of my vendor.
In the A.Y 2014-15, I paid the interest payable amount. How I can treat the non claimed expenditure in the A.Y 2014-15
Actually in the year A.Y 2013-14, I don't claimd any interest on loan of my vendor.
In the A.Y 2014-15, I paid the interest payable amount. How I can treat the non claimed expenditure in the A.Y 2014-15
28 August 2015
now you can not claim the same for this year. You account for it through CAPITAL account.
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