Rent py amount treatment in it act
This query is : Resolved
30 July 2021
Sir,
A small share business person rent payment to house cum office purpose used rs:10,000/- per month.
Question:
Assess rent pay amount rs:10,000/- business expenses or personal expenses treated in it act.
A small share business person rent payment to house cum office purpose used rs:10,000/- per month.
Question:
Assess rent pay amount rs:10,000/- business expenses or personal expenses treated in it act.
30 July 2021
You may consider a proportion of the expense as business expense, say 50% (or as you may deem right) business expense and 50% as personal expense.
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