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Business Income

This query is : Resolved 
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(Querist)
22 March 2010 Is property tax allowed as business expenses in case of assessee providing services..
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 March 2010 What kind of Service?

If the company providing leasing service it is allowable as deduction u/s 23 under house property

If the company is providing service and has taken property on rent and paying property tax on the property taken on rent then also the expenses is allowable u/s 30 under business income
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
22 March 2010 agreed
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