Allowable expense
This query is : Resolved
Rahul kumar
(Querist)
18 April 2012
Member if a trader make his own pancard is it allowable exp. in pgbp. Is any other income tax exp allowable in pgbp.
CA PARAS BAFNA
(Expert)
18 April 2012
A PAN card expense is personal in nature. Even if he is not doing the business he would be requiring the same. It does not cancelled when the business is being closed.
.
Only expenses directly and exclusively incurred for the purpose of business are allowable.
.
.
Only expenses directly and exclusively incurred for the purpose of business are allowable.
.
ca cs shriyans jain
(Expert)
18 April 2012
I wholly agree with the expert.
Rahul kumar
(Querist)
18 April 2012
Than which txpe of incometax expense allowable in pgbp
19 April 2012
I agree with the expert
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