Brokerage & commission - ay : 17-18
This query is : Resolved
TARIQUE RIZVI
(Querist)
29 April 2017
Ay 17-18 One of my clients has got sold a flat and on account of brokerage he has received a sum of Rs 7,50,000 from the builder. My client has turned 60 years on 31st March 2017. Now Rs 7,50,000 less Rs 3,00,000 = Rs. 4,50,000. Can I generate the Administrative Expenses of Rs 4,50,000 e.g. Employees salary of Rs 15000 per month x 2 employees = Rs 3,60,000 and out of Rs 90,000 conveyance, electricity charges, mobile phone charges, Refreshment Expenses, Hospitality, Customers Entertainment, Sundry Expenses, Printing & Stationery etc Please guide me and oblige.
CA Shubhanshu Jain
(Expert)
29 April 2017
Yes you can generate but how you are going to prove it that those expenses are really occoured and not fake in nature
TARIQUE RIZVI
(Querist)
29 April 2017
tks sir for quick response. Generation of expenses might be a big problem. Is there any solution sir of this problem.
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