30 March 2013
sir we have given a business tour for dubai to 25 to 30 dealers, expenses accured Rs. 12 lakh aprox for tour , tour period from 1st feb to 31st may . Now we want to know , can i take provision Rs. 6 lakh as tour expenses for this year.
30 March 2013
According to my view and knowledge you didn't make provision for Rs.6 lakhs for this year because of such expenses are either not incurred or accrued during this year. However wait for some other experts views.