04 May 2017
Dear Experts, in our factory there has been fire tragedy wherein one of our customer raw materials has been damaged which was brought in our factory for job work. the raw materials cost was was 4 Lakh Hence we have settled this matter by paying Rs. 3 Lakh to our customer. pls clarify.... can we avail the deduction of 3 Lakh in income tax,
CAclubindia
