frnds pls reply if u kno d answrs
1. what all pooja's(eg: ganesh pooja, vishwakarma pooja) can be claimed under pooja expense u/s 36(1) and case laws on pooja expense ?
2. case laws on interest on income tax (234b, 234c) ?
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Replies (4)
Ur question is not clear. I presume u r asking about the expenses on pooja . See normally no one wil question this type or place a suspicion on this type of expenses. It can be claimed.
Then comes interest on income tax. it is given in act. i dont think there will be case law on that. however case law will be there on some interpretation issue
Pooja expenses are allowable business expenditure which relate to the business of the assessee such as Vishkarma Jayanti and local festivals which are allowable, as there is no monetary limit for the purpose.
Pooja expenses which do not relate wholly to the business of the assessee will be disallowable as not incurred for the business.
ASSISTANT COMMISSIONER OF INCOME TAX vs. MAHARASHTRA METAL POWERS LTD.
Case law for intrest on income tax is - pranav roy vs cit........this prarnav roy is a very well known personality. He is a ca n newsw editor too in ndtv.
thank u frnds
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