deduction under rule 58

This query is : Resolved 

(Querist) 01 March 2010

can a civil works contractor claim the following expenses as deduction under rule 58 of Mvat
1] Office exps.
2] Employees PF
3] Travelling exps.
4] Material Testing Exps.
5] Transportation
6] Machinery Maintainance exps.
7] Royalty for sand etc.
8] Tender copy Exps.
9] Sub-Contract exps. (where No TDS has been made)
10] Insurance exps.

Please help.

CA SIDHARTH HIRALAL PATNI (Expert) 01 March 2010

In rule 58 there are some specified expenses. there is on expenditure called establishment exp. and other exp.

So under this head u can claim them.

At the time of business audit u have to show the bifurgation of above exp.

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