About allowability of expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2012
expenditure incurred before commencement of business but after incorporation of company, is allowable under income tax act...
which expenditure is allowable..(I.e. capital expenditure and/ or revenue expenditure.)
if allowable how much is the deduction.
which expenditure is allowable..(I.e. capital expenditure and/ or revenue expenditure.)
if allowable how much is the deduction.
29 June 2012
READ SEC 37 OF THE INCOME TAX ACT
GENERAL DEDUCTION
GENERAL DEDUCTION
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