10 July 2012
Hi! Whether Medical Bills for FY 2011-12 which were omitted to submit can now be claimed as exemption in FY 2012-13? Please suggest relevant Income Tax provision in this regard.
If the Balance Sheet for the year ending 31.3.2012 is still to finalized then incorporate these medical bills in Profit and Loss account and payable in Balance Sheet. This payable be paid currently.
CAclubindia
