Allowalbility of exp.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2012
Query is :Assessee has income only from house property ,and no income from b&p .
assessee claim exp like fixed exp. and director remu. in head b&p ,but
the i.t officer reject these exp. bcs there is no any income from
from b&p.,and allowed only 1/3 of exp. in the head house prop,pls
rply with provision
assessee claim exp like fixed exp. and director remu. in head b&p ,but
the i.t officer reject these exp. bcs there is no any income from
from b&p.,and allowed only 1/3 of exp. in the head house prop,pls
rply with provision
20 August 2012
Under 24a, Hp Only 30% of Rent Income Allowed as Expenses.
No Relation With Expenses.
& If Nature of business of Company in Memorandum Mentioned is Business That is Company Not Doing, Only Incurring Expenses, The Same Allowed as BP Expenses.
You Have to Bifurgate The Expenses as HP expenses and BP expenses
No Relation With Expenses.
& If Nature of business of Company in Memorandum Mentioned is Business That is Company Not Doing, Only Incurring Expenses, The Same Allowed as BP Expenses.
You Have to Bifurgate The Expenses as HP expenses and BP expenses
20 August 2012
Agreed with the reply
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