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Legal claim deduction under income tax act 1961

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(Querist)
03 August 2019 Legal Claim paid to previous client of Rs.20 lakh, is this amount allowed as an expense under income tax act
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 August 2019 Yes this amount will be allowed as an expense under income tax act being legal claim.

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