House rent
This query is : Resolved
27 November 2012
Can house rent which is not used for business purpose claimed as a business expense...???
CA CS Amit S. Kedia
(Expert)
27 November 2012
what purpose the house is used for???
Hemant sharma
(Expert)
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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CA CS Amit S. Kedia
(Expert)
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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Amol S Joglekar
(Expert)
27 November 2012
In that case, it is NOT a business expenditure.
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