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Corporation tax

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(Querist)
28 November 2009 Hello

Is the Corporation Tax paid on the registered premises of the company allowable as business expenditure?

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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
29 November 2009 Yes allowable. However, if such premises is let out, then such corporation taxes are allowable from gross annual value of property while calculation of Income from house property.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 August 2023 Agreed with expert..
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