Hello,
Do the demand on appeal relating to CST, VAT and entry tax for prior periods say, 10-11, or 11-12 taken as expense and debited to profit and loss account in year 2103-14, relates to prior periods ??
Whether it should be considered as prior period itmes and disallowed for ITR purpose to be mentioned in point no. 27(b) of Tax audit report ? or simply taken as current year expenses??
Reply soon
IT WILL BE COVER U/S 43 (b) - EXPENSE DEDUCTIBLE IN THE YEAR OF ITS PAYMENT , SO THOUGH ITS A PRIOR PERIOD ITEMS BUT GETS COVERED U/S 43B
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
PARV & Co.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
