banner_ad

Clarification regarding Business Expense

ITR 282 views 2 replies

Can someone please explain regarding notice received under Section 143(2) of the Income Tax Act scouting clarification regarding Business Expenses. 

 

Replies (2)

1. Notice u/s 143(2) will require the assessee to produce proper evidence in person or through a representative. 
2. In your case, the IT department wanted to know whether expenses incurred by the assessee are genuine and are related to business. Gather all the supporting bills in relation to such business expenses and authenticate how such expenses are related to your current business. 
Please correct me if the above solution has an alternative view. 

You have to furnish supporting documents for such expenses which are queried by AO . in short you have to convince AO why such expenses can not be disallowed.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details