DISALLOWANE OF EXPENDITURE

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2010 In my Income Tax Return I claimed expenditure incurred of repairs and renovations of my business premises. The department disallowed my claim. Is the order of the department justified?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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01 August 2010 The provision of Section 30 (a) (ii) the Income-tax Act, 1961 require that for the amount to be allowed as a deduction the same must be spend for the purposes of carrying on current repairs . If the deduction sought by you comes with the definition of current repairs you will be entitled to claim deduction otherwise the department would be justified in disallowing the same.

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