03 January 2013
sir, A Company paying property tax and interest on it for the year 2009- 2010, 10 - 11, 11-12,in A.Y. 12-13 how should we treat in a/c and tax? As per my view, property tax and interest (only of 09-10,10-11) thereon in a/c i show in prior period adjusment as per AS - 5, and of 2011-12 as normal way to charge to p&l a/c, IN TAX, i can claim deduction of full property tax under section 43B, of 2009 - 10, 2010 - 11, and for the year 2011 - 2012 normallly deduction taken. and for interest for 2009 - 10, 10-11, not allowed as deduction??? can i m right in my views if not then plz clarify it.
03 January 2013
Sir, As i am refer this case for interest on outstanding muncipal tax (Interest on o/s Muncipal Tax not covered under section 43B - CIT v/s orient Beverage Ltd. 117 Taxmann 106 (Cal), plz suggest what should be done .
03 January 2013
Municiple Taxes Allowed on Payment Basis in Case of House Property Income (Let Out Property), But Not Allowed din Case of Self occupied Property
CAclubindia
