Is the prior period expenses for traveling expenses of company employees incurred for business purpose allowed or not? If yes how to treat?
please advise
Thanks Sir
But Sir, I have one query, prior period expenses are not allowed in current year, then suppose any prior period income is there
Then it shall be taxed in current year? if yes then same principle should be applicable to expenses & should be allowed?
Thanks in advance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
