Our Company has Booked previous years bills date in current financial year, SO It is a prior period exp. booked in current year ,
Is there any solution to rectify this ?
Menu
Accounts
Replies (3)
According to me:
I think it is not belongs to current year....
As we study in topic NPO Last year Subscripttion received in current year is deducted while preparing Income and Expenditure A/c But shown in Balance Sheet..........Your problem is related to this.......
| Originally posted by : Mr. Ashwini Rohilla | ||
 |
Dear Sir,
It means it will be disallowed while preparing for filing income tax. |
 |
Hope below link may clarify your doubt:
https://220.227.161.86/eac/eacfinal/vol1/47.htm
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
