advt exp
This query is : Resolved
Sravani Sureddy
(Querist)
22 March 2010
can adertisement expenses related to business be allowed as expenses for computation of income from business?
Aditya Maheshwari
(Expert)
22 March 2010
It can be dis allowed u/s 37(2B) as under:
(2B) Notwithstanding anything contained in sub-section (1), no allowance shall be made in respect of expenditure incurred by an assessee on advertisement in any souvenir, brochure, tract, pamphlet or the like published by a political party.
(2B) Notwithstanding anything contained in sub-section (1), no allowance shall be made in respect of expenditure incurred by an assessee on advertisement in any souvenir, brochure, tract, pamphlet or the like published by a political party.
Sravani Sureddy
(Querist)
22 March 2010
thanks alot
Sravani Sureddy
(Querist)
22 March 2010
thanks for the information
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