PGBP income

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CA Final Student
120 Points Posted on 04 September 2020
whether Gold coin awarded to customer of rs. 12000 is allowable expenditure to compute income under head PGBP.

what if rs 9000 instead of 12000?
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On 04 September 2020 at 11:35 Report
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Quick Summary
This discussion explores whether awarding a gold coin to customers, valued at £12,000 or £9,000, constitutes an allowable expenditure when calculating income under the head 'Profits and Gains from Business or Profession' (PGBP). The consensus suggests such expenses are generally not allowed, even for amounts less than £10,000.

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17 Points Posted on 04 September 2020
Not allowed
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On 04 September 2020 at 13:02
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CA Final Student
120 Points Posted on 04 September 2020
Even less than 10000?
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On 04 September 2020 at 14:15

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