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guest house expenses

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(Querist)
08 January 2009 what are the type of expenses admissible under guest house expenses? and what are the expenses not allowed as guest house expenses?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
08 January 2009 Please read section 28 to 44 of income tax act.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 January 2009 Guest house expenses are liable to FBT u/s 115WB(2)(K) of The Finance Act,1994. Certain expenses admissible/inadmissible for that purpose is mentioned in Circular 8/2005 dt 29/8/2005 in questions 91,92,93and 94.
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