Prior Period Expense

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Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2010 What is the treatment of prior period expenses of a firm in the current AY

srikanth (Expert)
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09 July 2010 Hi

As per AS 5 prior period expenses has to show separately..and it will not be allowed as deduction as per IT Act

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2010 Under which section is it disallowed?

Dhirajlal Rambhia (Expert)
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31 July 2023

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