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deduction under rule 58

This query is : Resolved 

01 March 2010 can a civil works contractor claim the following expenses as deduction under rule 58 of Mvat
1] Office exps.
2] Employees PF
3] Travelling exps.
4] Material Testing Exps.
5] Transportation
6] Machinery Maintainance exps.
7] Royalty for sand etc.
8] Tender copy Exps.
9] Sub-Contract exps. (where No TDS has been made)
10] Insurance exps.

Please help.

01 March 2010 In rule 58 there are some specified expenses. there is on expenditure called establishment exp. and other exp.

So under this head u can claim them.

At the time of business audit u have to show the bifurgation of above exp.


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