Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2013
I want to know whther :
1. Excise duty paid.
2.Interest on Excise duty paid.
3.Compensation paid for breach of contract.
Can be claimed as allowable expenditure under PGBP.
If yes,then under which section.
If no,then which are the expenses that can be
claimed from the above three and in general list of expenses.
Plz help out.
1. Excise duty paid.
2.Interest on Excise duty paid.
3.Compensation paid for breach of contract.
Can be claimed as allowable expenditure under PGBP.
If yes,then under which section.
If no,then which are the expenses that can be
claimed from the above three and in general list of expenses.
Plz help out.
22 April 2013
I dont understand PGBP.
Excise duty is not an expenditure - inventory would include such cost.
Other two item are allowable as expense U/s 37(1)
Excise duty is not an expenditure - inventory would include such cost.
Other two item are allowable as expense U/s 37(1)
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
