Allowable expenditures
This query is : Resolved
10 December 2012
If Stamp Vendor provides discount then will it be allowed as expenditure as per income tax act????
10 December 2012
If he can prove the same. It will be allowed as an expenditure.
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10 December 2012
is it specifically mentioned under any section of PGBP???
10 December 2012
YES. YOU ARE ELIGIBLE.
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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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