Business Income
This query is : Resolved
22 March 2010
Is property tax allowed as business expenses in case of assessee providing services..
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
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
CA Ashok Kumar Sahu
(Expert)
22 March 2010
agreed
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