Friends
Under which section prior period expenses are disallowed for computation of total income of the tax payer. Is it directly quoted in any section. I have a doubt.
Regards,
Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
05 September 2011Friends
Under which section prior period expenses are disallowed for computation of total income of the tax payer. Is it directly quoted in any section. I have a doubt.
Regards,
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 05 September 2011
· Refer to Accounting Standard -5 and AS(IT) II issued U/s 145. and clause 22(b) of 3CD report |