Pgbp
This query is : Resolved
18 March 2015
can one claim expenditure incured on taking a machine on rent for business purpose
as its not allowed u/s 31 of IT act and even u/s 37 of said act theirs a condition to claim expense or losses that such expense or loss should not be of a nature discribed in sec. 30 to 36.
18 March 2015
if rent is paid for business purpose then it is allowed under sec 37(1)
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