Prior Period Income
This query is : Resolved
04 June 2011
Under which section prior period income is taxable? & When?
05 June 2011
As per general accounting principles and AS(IT)- 5...
Members opinions r invited
As per general accounting principles and AS(IT)- 5...
Members opinions r invited
07 June 2011
Under matching cost principal and u/s 37 wherein it is mentioned that expenses should be incurred in previous year
07 June 2011
Sorry i understood prior period exp..please refer section 89(1) for this
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