Prior Period Expense
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2010
What is the treatment of prior period expenses of a firm in the current AY
09 July 2010
Hi
As per AS 5 prior period expenses has to show separately..and it will not be allowed as deduction as per IT Act
As per AS 5 prior period expenses has to show separately..and it will not be allowed as deduction as per IT Act
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2010
Under which section is it disallowed?
31 July 2023
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