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Loss due to theft

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(Querist)
21 June 2014 is loss due to theft an allowable expense? what if the amount is more than 20000 n less than 20000? can a voucher can be treated as a proper document/evidance for such a loss?
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Rupesh Jain

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Rupesh Jain (Expert)
21 June 2014 loss by theft is allowed exp. if it is happen during the business hours. for that your have to file the evidence for theft like police FIR, or report of fire if loss by fire etc.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
21 June 2014 File FIR and take a copy of it as it will be a sufficient proof.
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