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Deduction allowed as per it act or not

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(Querist)
16 January 2014 Rent paid for holiday home situated in a city in India for the employees of the company is an allowable expenditure as per IT Act?
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Ca Jai Prakash Agarwal

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Ca Jai Prakash Agarwal (Expert)
16 January 2014 In my opinion, it should be an allowable expenditure. Since the amount has been spent on employee welfare, it should be allowed as usual business expenses u/s 37

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