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(Querist)
03 February 2009 can we account old dated bill in the current financial year if so what are the tax implications regarding this
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
03 February 2009 No You cant
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CA. Aryendra

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CA. Aryendra (Expert)
04 February 2009 You have to accountfor because you need to paythe payment to the party but because bill is re;atied to old year, therefor expenses would not be allowed to deducted from the income of current year.
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