Deduction of rent under business income if paid in cash
This query is : Resolved
18 December 2017
I have started a restaurant (proprietor) & paying rent in cash of Rs. 50000
pls advise if it is deductible n upto what extent?
Read more at: https://www.caclubindia.com/experts/ask_query.asp
pls advise if it is deductible n upto what extent?
Read more at: https://www.caclubindia.com/experts/ask_query.asp
18 December 2017
Do not transact in cash.
Your expenses would be disallowed u/s 40A.
Your expenses would be disallowed u/s 40A.
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