Busineess head expenses allowed or not??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2012
if a partnership firm has incurred expenses for studies of A PARTNER any who is a doctor ARE SUCH EXPENSES ALLOWED OR NOT GIVE THE ANSWER WITH CASE REFRENCE WITH CONCLUSIONS AND SEC IF ANY? allowed or not...?? n tht partner is leaving tht firm after 1 yr...then WAT WILL BE THE REASON...???
14 September 2012
not allowed as deductible expenditure. This is personal in nature. No case law is required for that. If you insist, there is a case law of an advocate claiming open heart surgery expenses.
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