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deduction under business & profession

Tax queries 1204 views 3 replies
payment made to pandit for pujas aur havans on diwali aur dusseshra can be avail as a normal expenses and thereby avail general deduction u/s 37(1)
Replies (3)
These payments can be claimed u/s.37(1). On the other hand, these expenses are subject to Fringe Benefit Tax.
This exp is covered under sec 37(1) because it fulfil all the five conditions of this act .
s expenses can be claimed as a deduction under sec37 if conditions r satisfied


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