House rent
This query is : Resolved
27 November 2012
Can house rent which is not used for business purpose claimed as a business expense...???
27 November 2012
what purpose the house is used for???
27 November 2012
No, Rent Paid should be only for business premises.
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27 November 2012
House is used for personal purpose.
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27 November 2012
It can not be claimed as deduction under section 37. It is personal in nature and not allowed.
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27 November 2012
In that case, it is NOT a business expenditure.
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