advt exp
This query is : Resolved
22 March 2010
can adertisement expenses related to business be allowed as expenses for computation of income from business?
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.
22 March 2010
thanks alot
22 March 2010
thanks for the information
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