Business expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2012
is listing fees paid to exchanges , allowable as business expense
19 June 2012
Yes allowable as business expenditure u/s 37(1) of the IT Act,1961.
Citation:- CIT Vs. Alembic Chemical Works Co Ltd (1993) 201 ITR 250(Guj).
Citation:- CIT Vs. Alembic Chemical Works Co Ltd (1993) 201 ITR 250(Guj).
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