Allowable expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2013
Petrol Expenses for Motor Cycle and Diesel Expenses for Car is allowable expenses in soleproprietorship firm or not?
19 February 2013
yes. such expenses are allowed provided the same has been incurred for the purpose of the business i.e to say that the conditions under section 37 are satisfied.
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