Pgbp section 30
This query is : Resolved
Asawari Malhotra
(Querist)
12 June 2013
its given in the icai module that cesses, rates and taxes levied by a foreign government are also allowed as deduction under this section in respect of the premises used for business or profession.. WHEN DOES A FOREIGN GOVERNMENT LEVY TAX ON YOUR BUILDING ? plus why is it allowed as a deduction under Indian Income-tax Act?
CA PARAS BAFNA
(Expert)
12 June 2013
When the Property through which business is being carried on is located out of India.
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