Prior period expense ?

This query is : Resolved 

15 May 2014 whether Roc fee paid for filling financials of Fy 12-13 in Fy 13-14 amounts to prior period expense ????!!!

15 May 2014 No

15 May 2014 No
prior period items is called when due to mistake you didn't book any expense or income. when you paid fees in next year then book it in next year there is no prior period provision applicable on this.


24 May 2014 no, you can claim this as preliminery exp. u/s 35D of income tax act.



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