Applicability of expense
This query is : Resolved
25 February 2010
person running business of providing securities -persons where required. can there is any provision in law that he must have 60% expense as a salary of employee worked as security personnel. -please reply. Thanks, dipti
25 February 2010
There is no such provision in Income Tax Act which defines minimum limit of any expenses. so if salary is less than 60% and other exp. is more yhan also they all allowed in Income Tax.
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