Assessee claimed 60% of House Rent as Expenses in P&L Account as 60% of the House was used for business.
Assessee claimed the rest 40% as deduction under Section 80 GG as all conditions of that section were fulfilled.
Is this correct??
Tax (Student) (165 Points)
19 January 2017Assessee claimed 60% of House Rent as Expenses in P&L Account as 60% of the House was used for business.
Assessee claimed the rest 40% as deduction under Section 80 GG as all conditions of that section were fulfilled.
Is this correct??
Prashant Sharma
(CA)
(389 Points)
Replied 19 January 2017