Expenses to be disallowed
This query is : Resolved
24 June 2014
My books of account have audit u/s 44 AB.I purchase second hand computer from friend as personal assets and not record it in my books of account for Rs.10000.00 I pay every year Rs.3000.00 as Annual Fees as software use for my recording my business transaction .
Can i claim expenses of Rs.3000.00 while computing business Income
Can i claim expenses of Rs.3000.00 while computing business Income
24 June 2014
to whom this expense is paid...??
25 June 2014
you can show the computer in business then exp related to computer also can charge in P/l a/c
or you can take bill of accounts maintains charges bill from the vendor and book the exp. in profit and loss account.
or you can take bill of accounts maintains charges bill from the vendor and book the exp. in profit and loss account.
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