15 September 2010
plz tell me The difference b/w admissiable expensess and inadmissiable expensess. I am confused in understanding so plz....... urgent Plz help me out
16 September 2010
Admissible expenses are covered U/s 30 to 37 example are interest on loan, depreciation, insurance, repair etc. inadmissible expenses are those which are not mention in above said sections such as personal expenses, income tax, wealth tax etc. there are big topics and cant be explain fully here, so please refer tax book and read above said sections.
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