It person house hold expenses or own drawings limit for one finicial year
This query is : Resolved
Kollipara Sundaraiah
(Querist)
03 March 2025
sir,
A Individual small business tax payer house hold expenses rs:4 lacs amount all transactions through bank channel paid f.y. 24-25
Question:
Assessee house hold expenses detailes and any limit provision applicable for one finicial year in it act and house hold expenses detailes asked it department as per sec 142 (1) in it act.
A Individual small business tax payer house hold expenses rs:4 lacs amount all transactions through bank channel paid f.y. 24-25
Question:
Assessee house hold expenses detailes and any limit provision applicable for one finicial year in it act and house hold expenses detailes asked it department as per sec 142 (1) in it act.
03 March 2025
1. No limit, but should be explainable.
2. Yes, under scrutiny the details can be asked.
2. Yes, under scrutiny the details can be asked.
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