Prior period expenses - The expenditure is not to be disallowed ...

Income Tax

January 27, 2020

Prior period expenses - The expenditure is not to be disallowed merely because it related to earlier previous year. In short under mercantile system of accounting the liability is allowable in the year it crystallized.

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Prior period expenses - The expenditure is not to be disallowed ...

Income Tax

January 27, 2020

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