DIN is for two years. Whether fees paid for it has to be bifurcated as current year expense and prepaid expense?
Amir
(Learner)
(4016 Points)
Replied 05 July 2010
Dear Neha,
It will be logical to apportion it between current year & prepaid expenses.
work is worship
(Service)
(2728 Points)
Replied 05 July 2010
Yes you have to apportion between the two years accordingly.