banner_ad

Whether pickpocket exp. is allowable under income tax act

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 December 2011 suppose i gave my staff Rs. 10000 for office exp. & he lost it in market & gave me a FIR copy for the same.whether this Rs. 10000 is allowable or disallowable under Income Tax Act.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
22 December 2011 You have got sufficient proof in the form of
FIR. You can claim it as it is during the normal course of business.
.
Profile Image

CA Abhishek Rana

Profile Image

CA Abhishek Rana (Expert)
23 December 2011 Such an expense can be claimed as deductible u/s 37(1) of Income Tax Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details