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(Querist)
19 March 2010 ABC pvt ltd incured expenses for repairs of car rs 75000 in cash and insurance company paid rs 55000 for that what would be treatment of both the amount ?
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SRINIVAS SRIRAJ

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SRINIVAS SRIRAJ (Expert)
21 March 2010 Net amount is deductible as expense subject to Sec.40A(3)
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ankit jain

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ankit jain (Querist)
23 March 2010 brilliant thats what i call an experience
thanks sir
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