set off or carry forward
This query is : Resolved
Suyash Rao
(Querist)
15 September 2016
purchase of horse for betting on horse race lawfully or illegally is allowed as an expense
or not?
Amol S Joglekar
(Expert)
15 September 2016
it can be allowable expense for the owning and maintaining the race horse
Suyash Rao
(Querist)
15 September 2016
purchasing a horse is a capital expenditure. so how can it be an allowable expense?
Amol S Joglekar
(Expert)
16 September 2016
Car is a capital asset, may be for you and me but not for say Maruti Suzuki......
Can you think of horse on similar lines?
Can you think of horse on similar lines?
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