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Shop rent

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(Querist)
13 May 2013 WHETHER SHOP RENT IS DEDUCTIBLE FOR A BUSINESSMEN WHO IS RUNNING IS BUSINESS IN A SHOP?
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kunal

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kunal (Expert)
13 May 2013 yes, every expenditure related to business shall be allowed as deduction
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rohit

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rohit (Querist)
13 May 2013 under which section
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 May 2013 Section 30 of the Income tax Act,1961.
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