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 .
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.
| Originally posted by : CA Ankur Goel | ||
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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. |
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agreed
Agreed with CA Ankur Goel
Can u plz mention sec in it act where deferring expenditure is allowed
https://220.227.161.86/102061626.pdf
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