24 March 2009
I have a propritership company.My son had to went through liver transplant recently and I end up spending more than 15 lac and everymonth I am spending on medicine Rs 20k. Can I show all medical expenses on account of my son as expense in the books or if there is some limit.I will appreciate your help.
24 March 2009
Not at all All theses being your personal expenditure shall not get any allowance in your books of accounts. Moreover you can not claim deduction for the same expenditures.
CAclubindia
