Rent
This query is : Resolved
22 January 2010
in section 30 word used is rent 'paid'
is accrued rent will be allowed in the same year in which it is accrued or in the year in which it is paid.
is accrued rent will be allowed in the same year in which it is accrued or in the year in which it is paid.
22 January 2010
Dear Akhil
Paid words means method of accouting applied by the assessee.
if assessee adopts merchentile method of accounting, paid means accrued ( Whether paid or not)
Paid words means method of accouting applied by the assessee.
if assessee adopts merchentile method of accounting, paid means accrued ( Whether paid or not)
22 January 2010
Based on the Accounting system of the Assessee
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