02 October 2013
What is the Treatment for deferred revenuue expenditure when finallisation of Accounts...?? Is it allowed as deduction under Business or Profession at the time of return filling...is full amoount allowed as deduction...???
10 November 2013
Deferred revenue expenses is to be written off over the period benefit of that expenses. but presently there is no such treatment after revised schedule VI. it will be debited directly to p&l
If the expenses related to business & profession, deduction is allowable under income tax as well
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