Sales promotion expenses

This query is : Resolved 
 

(Querist)
08 September 2008

sir,

some of the expenses expended by company towards sales promotion or misc expenses.
whether that can be allowed under income tax?
is there any limit for those expenses?



Jitender (Expert)
08 September 2008

there is no limit.
if exp is for the purpose of business then it is allowable.

CA Rajesh S (Expert)
09 September 2008

all business exps irrespective of the head under which clasified are allowable exps



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