Income Tax 2022-2023
This query is : Resolved
Quick Summary
18 April 2023
Is transfer to staff welfare fund expenditure is allowed as deduction in PGBP ?
Note:Staff welfare expenses are allowed as deduction
Note:Staff welfare expenses are allowed as deduction
18 April 2023
Yes, it's allowed...
....
....
18 April 2023
But sir Transfer to Staff welfare fund is given as appropriation of profits then what does it mean?
18 April 2023
In such a case it's not allowed as deduction.
It can be claimed as deduction when it's spent.
It can be claimed as deduction when it's spent.
18 April 2023
Thank you Sir,
1)Profession :- CA
Expenditure
To Purchase of Books
(Annual Publication)
2) profession Doctor Payments
By Municipal Taxes
for Properties
Sir what will be it's treatments for Income from profession
Note:- No related Adjustments are there
1)Profession :- CA
Expenditure
To Purchase of Books
(Annual Publication)
2) profession Doctor Payments
By Municipal Taxes
for Properties
Sir what will be it's treatments for Income from profession
Note:- No related Adjustments are there
18 April 2023
1 It's allowed.
2 Municipal tax for clinic and hospital allowed.
2 Municipal tax for clinic and hospital allowed.
18 April 2023
Sir,Then can we show it as professional payment and claim 40% Depreciation on it or only Deprecation we can claim?
18 April 2023
Show it as professional payment.
18 April 2023
Repairs to Building: Assessee is running the business from a rented house and according to the agreement, he need not spend the money for repairs since as per the agreement only owner is responsible for repairs, so it is not allowed as deductions
. i) Current repairs for rented building: It is not allowed as deduction.
ii) Capital repairs for rented buildings: It is allowed as deduction.
iii) Capital expenditure repairs for rented building: Though assessee is not the
owner of the building, but still as a tenant he can claim repairs on buildings
. i) Current repairs for rented building: It is not allowed as deduction.
ii) Capital repairs for rented buildings: It is allowed as deduction.
iii) Capital expenditure repairs for rented building: Though assessee is not the
owner of the building, but still as a tenant he can claim repairs on buildings
18 April 2023
But as per the agreement he shouldn't pay but paid then how and on which he will be allowed deduction?
Sorry sir for continuously texting
Sorry sir for continuously texting
19 April 2023
It's allowed as he has spent for repairs .
No need to look into the agreement.
No need to look into the agreement.
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