This query is regarding Sec 10 (14), Research Allowance of Income Tax Act. I have a component in my salary as Research & Publication allowance. So if I purchase a laptop, can I get an exemption for the expenses incurred on purchase?
This query is regarding Sec 10 (14), Research Allowance of Income Tax Act. I have a component in my salary as Research & Publication allowance. So if I purchase a laptop, can I get an exemption for the expenses incurred on purchase?
Yes, allowable........ but justification of its utility for research may be questionable......
thank you sir
Most Welcome.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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