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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...???

Amol S Joglekar

Amol S Joglekar (Expert)
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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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