I want to know that suppose I own a normal e commerce business and now I'm constructing my home which I will use for office purposes, so, can I claim my construction expenses in income tax ?
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Expense claimable in income tax
Replies (3)
The proportional expense of the building which will be used as the office will be capitalized in the books in balance sheet & depreciation expense will be allowed.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
Expense claimable in income tax.
Construction cost which I'm paying my labours and material costs etc.. Can I claim them as my business expense ?
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