Expenses allowed or dissallowed

351 views 1 replies

mr. A is a propriter of a firm ,is Planning for his higher studies like MBA or any other managment course .

then fees paid for that course out of bussiness is allowed as expenses 

if yes then under which section

if not then please give sutiable example

another example if above Mr. A is a Director in a company. 

then what iss your answer

Replies (1)
Any expense related to business would only allowable. Expense related to mba course is not business exp therefore not allowed.

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