Gift to debtors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2015
Dear all expert,
the assessee has given the cell phone to his debtors to raise the sale. therefore the cell phone cost is 70000/-
plz. tell me this cell phone cost 70000 is allowed in income tax as expenses.
the assessee has given the cell phone to his debtors to raise the sale. therefore the cell phone cost is 70000/-
plz. tell me this cell phone cost 70000 is allowed in income tax as expenses.
09 March 2015
It can be considered as sale promotion expenses and allowed in income tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
