Corporation tax
This query is : Resolved
CA. Jyoti Baid
(Querist)
28 November 2009
Hello
Is the Corporation Tax paid on the registered premises of the company allowable as business expenditure?
REGARDS
Is the Corporation Tax paid on the registered premises of the company allowable as business expenditure?
REGARDS
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.
Dhirajlal Rambhia
(Expert)
09 August 2023
Agreed with expert..
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