Advertisement exps

Tax planning 146 views 1 replies

We are manufacture of chemicals ( like colours). we some sports items give to one trust with company logoes, who is running sport club, and its player are joint some distric and state leval sport compition.  we are claim as a advertisement exps. officer can disallowing this amount of exps. 

The Income Tax Department may scrutinize advertisement expenses, especially for a chemicals firm donating sports items, as it may not directly align with the firm’s core business. Robust documentation is critical.

please advice 

 

Replies (1)

Nature of business is not restricted to you advertise in certain sector, based on scope of Marketing and visability advertisment can be done.

Hence, you calim the supply of the goods as Advertiment of Expenses, pleae make sure that you have charged GST on the Invoice .


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