Cricket expenses
This query is : Resolved
jugal solanki
(Querist)
14 January 2013
Cricket tournament organized by company.
whether it is allowed as business expenditure??
Please refer case law & section also...\
Its urgent
whether it is allowed as business expenditure??
Please refer case law & section also...\
Its urgent
14 January 2013
Dear Friend , first find out , whether the above expenditure is related to furtherance of business of the company or not.If it is on behalf of the company and for the benefit of the company then it is allowed u/s. 37 of the Income tax Act, 1961. Otherwise it is not allowed as a business expenditure.Thanks
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