How to allow expenditure under the income tax
This query is : Resolved
Sandeep Surana
(Querist)
30 April 2012
I have deposited Rs.10 lac. which is non refundable for the purpose of facility provide by RSEB is the, electricity available 24 hrs for life time (i.e. no cut the electricity)
Note: Above chgs not a electricity chgs which comes to usage basis
plz suggest me how to treat for income tax purpose.
thank you for your valuable time
Note: Above chgs not a electricity chgs which comes to usage basis
plz suggest me how to treat for income tax purpose.
thank you for your valuable time
anil kumar
(Expert)
30 April 2012
U CAN USE LIKE AS FIXED ASSETS.
Sandeep Surana
(Querist)
30 April 2012
under which section.?
Sandeep Surana
(Querist)
07 May 2012
Ans. Treat as revenue expenditure and allow u/s 37(1) becoz no any capital assets derrived.
if any other opinion plz descride.
if any other opinion plz descride.
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