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Reimbursement of expenses

Tax queries 329 views 4 replies

Whether an expenditure paid by director for a consultant who accompanied him on a business trip allowable as business expense? Give relevant case laws.

Replies (4)

Why it would be Disallowed 

Yes it is, provided that the consultancy is obtained for the company.

Agree with CA Rohit Jain... Sec 37 is relevant section.... 

Sec 37 of Income Tax Act

 


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