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prior period expenses

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(Querist)
24 November 2007 is prior period expenses are allowable as deduction in computation of incometax
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R.V.RAO

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R.V.RAO (Expert)
24 November 2007 PRIOR PERIOD EXP. ARE NOT ALLOEWED IN INCOME TAX.
EVEN STATUTORY PAYMENTS ARE DISALLOWED BUT THEY WILL BE ALLOWED IN THE YEAR OF PAYMENT.
R.V.RAO
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ramesh vadnala

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ramesh vadnala (Querist)
27 November 2007 Please tell me under which sec prior period expenses disallowed then i can refer
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