Taxation


This query is : Resolved 

Quick Summary
This discussion clarifies the tax deductibility of various business expenses in the UK. It examines whether costs like guest house expenditure, patent acquisition, pre-commencement business losses, entertainment expenses, and advance salary payments are allowable or disallowed for tax purposes, providing clear reasoning for each.

(Querist)
25 January 2021 1 Guest house expenditure ₹30000
2 Patents acquired on15-7-2018 for 8 years ₹112000
3 loss suffered Before commencement of the business ₹21000
4 entertainment expenses incurred ₹56000
5 advance salary paid to an employee ₹20000
Whether it's allowed or disallowed, explain the reasons

25 January 2021 Please explain clearly what you want to aaj??

26 July 2025 https://docs.google.com/document/d/16n4q5eb0Et30qQ6rzRBMwqXQ9HQT-dtaz1RDfkzwMno/edit?usp=sharing


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