Provisions
are the provision of audit fees income tax pf are allowed as deduction
Replies (4)
yes it is allowed ..........!!
With what respect are you claiming for?
If you are calculating profits from business in income tax then
Provision of audit fees and pf are allowed expenses. However provision for income tax or income tax paid expense are disallowed.
Else, if calculating income from any other source / head, these expenses cannot be allowed
Can u pls tell under which section and provision it is allowed
U/s 37 if the expense is incurred as business expense
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