An assessee(Company) debits sales tax paid in FY 2009-10 which pertains to FY 2008-09 for which no provision was provided. whether the expenditure will be disallowed as prior period item or can it be claimed as deduction in AY 2010-11 the reason being even if provision was provided in FY 2008-09 itself the same would have been diallowed u/s 43B?
Menu
query.........
Replies (1)
It will be disallowed...As prior period expenses doesnt nt takes into provision in books...and also prior period expenses doesnt get affected with 43B....
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
