| Originally posted by : *RENU SINGH * | ||
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undoubtedly illegal expense ... and hence not allowed as deduction. simple logic |
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Agreed
RAHUL MAHAJAN
(CA)
(166 Points)
Replied 17 July 2012
| Originally posted by : *RENU SINGH * | ||
|
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undoubtedly illegal expense ... and hence not allowed as deduction. simple logic |
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Agreed
Lalit Nyati
(Student)
(487 Points)
Replied 17 July 2012
but this is expense for business protection from those people Intimidate our normal course of business..
Manish Gautam
(Manager - Internal Audit)
(21 Points)
Replied 23 July 2012
Illegal payments can not be allowed under income tax act.
CAclubindia
