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
O P Bagla & Co LLP
New Delhi
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
