My firm purchased land. They converted that land in to plot. Now they want to promote the plots.
They want to give Gold gift to plot purchasers. The gold purchased by our FIRM is admissible Expenditure as per Income Tax Act?
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Real estate expenditure
Replies (1)
Yes it can be treated as an sdmissible expense as it is related to teh promotion of the business & shud be booked as Sales Promotion Exp.
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