Deduction of rent under business income if paid in cash
This query is : Resolved
18 December 2017
I have started a restaurant (proprietor) & paying rent in cash of Rs. 50000
pls advise if it is deductible n upto what extent?
Read more at: https://www.caclubindia.com/experts/ask_query.asp
pls advise if it is deductible n upto what extent?
Read more at: https://www.caclubindia.com/experts/ask_query.asp
18 December 2017
Do not transact in cash.
Your expenses would be disallowed u/s 40A.
Your expenses would be disallowed u/s 40A.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Voluntary gst tax given in DRC FORM 3 US 122 AND US125
- New Time limit for gst assessment for fy 2017-2018,2018-2019,2019-2020,2020-2021
- Query regarding table 17 of GSTR9
- Chemical and Appratus
- Pre-deposit @20%- appeal proceedings
- TDS deduction requirement
- Rebate u/s 87a on STCG / LTCG - New tax regime
- GST Rate on Work Contract By KPTCL
- Is TDS deductible on rent by tenant?
- Regarding Refund against 147 order
- FD SECURITY DEPOSIT REDEMPTION.
- ITC claimed on wrongInvoice
- Table 12 of GSTR9C-FY 2023-24
- Loan by an NBFC Company to another Company with Common Directors
- Query regarding on GST
- Specified Time limit for gst assessment for fy 2017-2018,2018-2019,2019-2020,2020-2021
- 8C of gstr9
- Regarding the Demand Raised in TAN due to inoperative PAN.
- ITC IN AMMENDED INVOICE IN GSTR9 2023-24
- Unclaimed ITC relates to FY2023-24 reclaimed in October-2024 but failed to reverse the same
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
