Allowable business expenditure
This query is : Resolved
suhas potadar
(Querist)
15 August 2015
Dear sir,
I want to know the information of following expenditure whether they are allowable expenditure or not under the head business income.
Interest paid on TDS u/s 201A & late filing leavy u/s 234E.
Whether these expenditure are allowable or not.
Plz guide me
I want to know the information of following expenditure whether they are allowable expenditure or not under the head business income.
Interest paid on TDS u/s 201A & late filing leavy u/s 234E.
Whether these expenditure are allowable or not.
Plz guide me
CA R SEETHARAMAN
(Expert)
15 August 2015
These are not allowable expenditure.
suhas potadar
(Querist)
15 August 2015
k can you Plz explain it. or give reasons for that.
CA R SEETHARAMAN
(Expert)
15 August 2015
Any expenditure related income tax is not an allowable expenditure.
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