Short or excess provision of expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2015 i have made short or excess provision of expenses at the year end I.e 31st march whether any problem arises on short or excess provision made under income tax while computing income tax , for the ITR on prior period exp.

18 November 2015 As per accounting standard such adjustment in the next year are not prior period expenses. No separate adjustment required for such adjustments in IT workings.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2015 Dear sir,
Please mention which Accountinmg standard says.

19 November 2015 Accounting standard 5.


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