allowable business expenditure / loss
This query is : Open
27 January 2009
Can some one provide me relevant income tax circular which gives relief to share brokers for the losses occurred due to wrong punching of transactions of the customers.
chetan soni
(Expert)
27 January 2009
It can be covered u/s 37 as general expenditure. Because this transaction complys with all basic conditions of Section 37.
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