Section 40a(3)
This query is : Resolved
05 December 2011
Single cash paid in advance for revenue expenditure amounting to Rs.40,000/- in a year. But expenses booked in subsequent year.
Which year we should disallow the expenses?? The year of payment or expenses booked???
Please tell me.. its urgent..
Which year we should disallow the expenses?? The year of payment or expenses booked???
Please tell me.. its urgent..
05 December 2011
It will be disallowed in the year in which expenses is booked in the books of accounts.
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