Business man have an rent agreement for Rs.19000/- per month for business premises .landlord not giving PAN and collecting payment in cash. whether business man book expenditure in account.
whether expenditure on rent allowed
kindly clarify other relevant clauses.
Menu
rent paid in cash with agreement ml
Replies (1)
entire rental expenses can be disallowed under section 40A(3) for making cash payment in excess of 10000 or 30% of rental expenses shall be disallowed on account of non deduction of TDS (if it case falls under 44AB)
Recent Topics :
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
Related Topics :
CAclubindia
