Dear Madam / Sir
Assess has starteda home appliance retail businee in the preceding year and incurred18 lacs as advt expenditure . Is there any possibility of defer the expenditure and charge the expenditure in the coming years say 3 or 4 years under IT act .
CA Ankur Goel
(sr. executive)
(133 Points)
Replied 12 September 2011
In my opinion, if this advertisement brings benefit over a long period say 3-4 years for the concern
then it may be deferred but wait for others reply.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 12 September 2011
| Originally posted by : CA Ankur Goel | ||
 |
In my opinion, if this advertisement brings benefit over a long period say 3-4 years for the concern then it may be deferred but wait for others reply. |
 |
agreed
CA. Roopali Kadam
(Jobs on assignment basis.)
(1453 Points)
Replied 12 September 2011
Can u plz mention sec in it act where deferring expenditure is allowed
CA. Roopali Kadam
(Jobs on assignment basis.)
(1453 Points)
Replied 12 September 2011
CAclubindia
