Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
My client is a pvt ltd company.In financial year 10-11 it received service and has taken input credit.At that year 10-11 it has no output service.The same input credit carried to 11-12.Again the company is not expecting any output service in 11-12.
1) Can we charge the input credit to P/L in 11-12.
2) Will it not amount to prior year expenditure in 11-12 which will be disallowed as per income tax act.
1) Can we charge the input credit to P/L in 11-12.
2) Will it not amount to prior year expenditure in 11-12 which will be disallowed as per income tax act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Regarding Individuals Retuned to India and Resident currently
- Clubbing of Income - Minor
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- 3cd- cash system of accounting is allowed?
- URD SEPARATE INVOICE
- ERROR IN DEPRECIATION CALCULATION IN PREVIOUS YEAR COMPANY'S BOOKS
- Stamp Paper for partnership firm change new income tax 2025
- GSTR-1A How to update Invoice
- Motor Car Perquisite Valuation as per New UT Rule 2026
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
