Allowalbility of exp.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2012
Query is :Assessee has income only from house property ,and no income from b&p .
assessee claim exp like fixed exp. and director remu. in head b&p ,but
the i.t officer reject these exp. bcs there is no any income from
from b&p.,and allowed only 1/3 of exp. in the head house prop,pls
rply with provision
assessee claim exp like fixed exp. and director remu. in head b&p ,but
the i.t officer reject these exp. bcs there is no any income from
from b&p.,and allowed only 1/3 of exp. in the head house prop,pls
rply with provision
20 August 2012
Under 24a, Hp Only 30% of Rent Income Allowed as Expenses.
No Relation With Expenses.
& If Nature of business of Company in Memorandum Mentioned is Business That is Company Not Doing, Only Incurring Expenses, The Same Allowed as BP Expenses.
You Have to Bifurgate The Expenses as HP expenses and BP expenses
No Relation With Expenses.
& If Nature of business of Company in Memorandum Mentioned is Business That is Company Not Doing, Only Incurring Expenses, The Same Allowed as BP Expenses.
You Have to Bifurgate The Expenses as HP expenses and BP expenses
20 August 2012
Agreed with the reply
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- Copyright software
- SFT Cash Deposit in Current Account
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
