business promotion exps

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PNIMESH (Querist)
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20 July 2010 What does business promotion exps include?

is there any limit for claiming deduction of Business promotion exppense in income tax?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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20 July 2010 Any expense which are in nature of promoting business... can entered in Business promotion exp. Some examples could be...

fooding / travel /gift exp of business guest / clients. Promotional get-together exp. etc.

There is no limit for such expenses in the income tax so long it is justified & well supported.