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