Misc expenditure

kindly explain the question

Give  more details.

for claiming misc. exps. as deduction, IT section is 35

and if the exps. doesn't satisfy criteria of Sec.35 claim it in sec. 37(1)

usally in accounting we debit small n odd expenses in miscl. exp head...

In income tax section 30 to 36 provide for specific kind of expenditure deductible and secton 37 provode duction for other expense provided folloeing condition is satisfied.

1)it shud b of revene nature.

2)whooly n exclusively for bussiness.

3(shud not b personal exp in nature.

so if misl. exp as asked by you is fallin in above catagories then it is duductible otherwise not..

in case of query pls write me at..kitu.kool @ gmail.com

i think more detail is not prescibed by the author that's why i cant solve it.

Originally posted by : CA,CMA,CS Karan Gogia
	usally in accounting we debit small n odd expenses in miscl. exp head... In income tax section 30 to 36 provide for specific kind of expenditure deductible and secton 37 provode duction for other expense provided folloeing condition is satisfied. 1)it shud b of revene nature. 2)whooly n exclusively for bussiness. 3(shud not b personal exp in nature. so if misl. exp as asked by you is fallin in above catagories then it is duductible otherwise not.. in case of query pls write me at..kitu.kool @ gmail.com

Agree :)

Originally posted by : CA,CMA,CS Karan Gogia
	usally in accounting we debit small n odd expenses in miscl. exp head... In income tax section 30 to 36 provide for specific kind of expenditure deductible and secton 37 provode duction for other expense provided folloeing condition is satisfied. 1)it shud b of revene nature. 2)whooly n exclusively for bussiness. 3(shud not b personal exp in nature. so if misl. exp as asked by you is fallin in above catagories then it is duductible otherwise not.. in case of query pls write me at..kitu.kool @ gmail.com

Fully agreed. However authour should be specific in expenditure.