sec 40A(3) of Income Tax Act,1961
This query is : Resolved
20 May 2011
hi i want to ask the ques that I have taken a insurance on my Stock stood at Godown and i have paid Rs 23000. Is this exp.be allowed or not?
20 May 2011
yest it is business expenditure and allowed
21 May 2011
sorry, i forget to written that the cash payment has been done of rs. 23000
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