Allowable expenditures
This query is : Resolved
RICHA MAKHIJA
(Querist)
10 December 2012
If Stamp Vendor provides discount then will it be allowed as expenditure as per income tax act????
CA Ashwani Agarwal
(Expert)
10 December 2012
If he can prove the same. It will be allowed as an expenditure.
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RICHA MAKHIJA
(Querist)
10 December 2012
is it specifically mentioned under any section of PGBP???
Soumitra Basu
(Expert)
10 December 2012
YES. YOU ARE ELIGIBLE.
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CA Roshan Jha
(Expert)
11 December 2012
If such discount is genuine,than it is just like trade discount. Hence eligible for deduction. Probably it will be allowed as deduction under section 37(1) i.e general deductions.
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