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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Prior period expenses - since these expenses/incomes are for the ...


Prior Period Expenses for Past Projects Recognized in Current Period Due to Vendor Payments and Client Receivables.

October 26, 2016

Case Laws     Income Tax     AT

Prior period expenses - since these expenses/incomes are for the projects completed in the past years but were subjected to final payments to be made to the vendor or receivable from clients these difference arose and hence have been accounted for during the current period, claim of expenses allowed - AT

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