02-07-2009, 06:33 PM
Dear Kamran
From you opinion I reach on that result that we cannot charge Iniitial allowance as expense in our books of accounts.
Sir although the word income statement is not included anywhere in ITO,2001 but the words account or books of accounts is mentioned in tax law. You can use word P& L A/c instead of income stmt.
Awais
From you opinion I reach on that result that we cannot charge Iniitial allowance as expense in our books of accounts.
Sir although the word income statement is not included anywhere in ITO,2001 but the words account or books of accounts is mentioned in tax law. You can use word P& L A/c instead of income stmt.
Awais
