24 May 2012
Expenditure of a financial year accounted for in next financial year would be allowed for deduction in income tax in next financial year or not ? Case. Bill date 12 march 12 material received = 12 march 12 accounted for 4 april 12
25 May 2012
If you can prove that the material though received could not be used due to some reason beyond your control, then, the expenditure is deductible. Morover, material is deductible on consumption basis not on the basis of purchase.
25 May 2012
If you can prove that the material though received could not be used due to some reason beyond your control, then, the expenditure is deductible. Morover, material is deductible on consumption basis not on the basis of purchase.
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