Related to prior period items.

This query is : Resolved

Murli Dadhich (Querist)
Follow

22 September 2014 I have a company. No activities have been conducted in last year 12-13 and current year 13-14. But by mistake in last year I treated all expenses as pre-operative expenses and has not written off them. Can we treat these expenses as "Prior Period Items" and as per Income Tax Act will it be allowed or disallowed and under which section. And it's treatment too.

Rupesh Jain

Rupesh Jain (Expert)
Follow

22 September 2014 period period exp will disallowed under the income tax act.

you can show this exp. separately under the company act.

Murli Dadhich

Murli Dadhich (Querist)
Follow

22 September 2014 Please tell me the section of IT in which prior period expenses are disallow and is there any clause to disclosed it in Audit Report

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Swarna Gurumurthy

manojkumarkk

ACCFIN SOLUTIONS

shanmukha sai

R NATARAJAN

Subscribe Now

Related to prior period items.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Senior Executive

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

GST CONSULTANT