Escrow account
This query is : Resolved
13 June 2013
Dear All,
A partnership firm has recd interest on account of amount kept in escrow account for a project. It has also incurred expenses for the same project.
Can such expenses be claimed against said income and balance to be declared for income tax.
A partnership firm has recd interest on account of amount kept in escrow account for a project. It has also incurred expenses for the same project.
Can such expenses be claimed against said income and balance to be declared for income tax.
13 June 2013
yes, you can claim exp
13 June 2013
Agree with expert
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