Disallowence

[VAMSI KRISHNA]

Dear All,

Prior Period Expenses are disallowable while computing income under head PGBP.... Let me know relevent Legal provision for the same....

Thanks in advance

AI Summary

Clarification Sought on Prior Period Expenses Disallowance for PGBP Income Calculation: Legal Provisions Needed A user inquired about the disallowance of prior period expenses when computing income under the head PGBP (Profits and Gains of Business or Profession) and requested the relevant legal provisions. The response asked for clarification on what the user meant by 'prior period expenses.'