09 March 2011
All these expenses are paid to govt. hence those are exempted from the preview of section 40A(3) of The Income Tax Act. Moreover shop registration charges is a capital expense.
10 March 2011
but it is given in law that if cash expenses paid for purchasing of a depriciable asset , the act will not allow its depriciation proportionate to its cash expenditure??????reply
CAclubindia
