Allowable expenses under income tax
This query is : Resolved
28 August 2013
Please tell me about whether discount allowed shown in P&L a/c, such discount is allowable expenses under income tax act or not.
28 August 2013
yes if debited to p and l then allowed under income tax act.
28 August 2013
Thanks for help
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- CSR Impact Assessment
- Capital contribution of Land into SPV for Specific project attracts Income Tax & why ?
- Accounting Policies changes
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- SECTION 194T
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- Running non ac bus under contract with roadways
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
