Legal fee or expenses of fy 2015-16
This query is : Resolved
TARIQUE RIZVI
(Querist)
05 September 2016
Legal fee or expenses of fy 2015-16 has been paid in fy 2016-17.Can we make provision of such legal fee or legal expenses as at 31st March 2016. Whether it will be allowed in income tax ?
05 September 2016
Yes you can make provision for the Legal Fees payable and deduct TDS thereon. The expenses will be allowed.
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