Prior period expenses are to be allowed in subsequent years if such expenses are crystallized in that year.
Prior period expenses are to be allowed in subsequent years if such expenses are crystallized in that year. …
expenses crystallized in the year
Recent Posts
- Amendment in the Budget on taxation of Sovereign Gold Bonds
- Rationalisation and Alignment in the Budget of Select Provisions of the Income-tax Act, 2025 with the Income-tax Act, 1961
- Clarificatory Amendments to Address Jurisdictional and Procedural Uncertainty: Budget 2026
- Block Assessment Period Curtailed for Third Parties Under Finance Bill 2026
- Finance Bill 2026 allows Registered NPOs to File Belated Income-Tax Returns
- CBI arrest income tax department stenographer in Chennai for demanding bribe!
- Section 54 Deduction Allowed Even Without CGAS Deposit: ITAT Hyderabad Prioritises Substance Over Procedure
- Distribution of Assets on Total Partition of HUF Is Not a “Transfer” Under the Income-tax Act
- Signed a JDA? This ITAT Ruling on Capital Gains Can Save You from Premature Taxation
- Budget 2026: Income-Tax Highlights at a Glance
