Business Profits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 April 2010
Whether previous year expenses can be claimed as deduction in the current year under Income Tax Act
10 April 2010
no except deffered revenue expenses.
12 April 2010
It will be treated as prior period expenses. It will not be allowed in the current year exp.as per IT Act.
19 April 2010
agreed with Ravi and continuing expenses on scientific Research, Incorporation Expenses
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