Forfeiture of advance against property
This query is : Resolved
30 May 2013
i am a businessman and doing business of property sale purchase, in case i have given any sum towards advance to any person and in future above deal did not materialize and advance paid to vendor forfeited by him. my question is that above forfeited amount claim as business expenditure.
30 May 2013
Your querry is not clear . pls ask it again explaining the details.
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