Menu
regarding prior period expense
Is prior period expense allowed?? If yes which section suggest the same.
Replies (2)
no it's not allowed
Prior period expenses are not allowed in current year untill and unless the expenses have crystalised during the year.
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
