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Consultancy fees related to demerger of the company

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(Querist)
30 August 2011 Whether COnsultancy fees is an allowable expenses or not which is paid by comapny in relation to demerger.
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CA SATBIR SINGH SAINI

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CA SATBIR SINGH SAINI (Expert)
02 September 2011 Yes, It is allowable fees. Please mind the TDS and cheque payment (if fees is more than 20000/-)

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