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Prior period expenses
Expenses pertaining to last year i.e.2017-18 but Accounting and paying in current year i.e. 2018-19 will be allowable expenses for PY 2018-19 while computing PGBP ??? No provision and accounting made in last year...we didn't claim it last year....we following mercantile system of accounting
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Prior period expenses are not allowed in current year untill and unless the expenses have crystalised during the year
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