04 March 2017
One of my client is a professional ....his income is thru professional receipts...he has purchased a new house...now the expenses which he is incurring towards painting , furnishing and other related expenses ....can he claim those as expenses in his PL account .
04 March 2017
Cannot claim in professional income, it is separate head of Income so its need to be considered in repairs & maintenance u/s.24. but furnishing is capex so it is addition of asset not an expenses
CAclubindia
