Rent paid
This query is : Resolved
25 June 2013
I have a Proprietorship business which is registered in U.P. in sale tax & Income Tax doucments.
But now I want to take an office on rent in delhi for the purpose of other business, Can I paid such rent from my above proprietor business?
Is that possible from Income tax Point of View?
But now I want to take an office on rent in delhi for the purpose of other business, Can I paid such rent from my above proprietor business?
Is that possible from Income tax Point of View?
25 June 2013
yes for sure, if you show your delhi office as a branch of your proprietor business.
25 June 2013
Though the business in different, they will continue to be assessed under the PAN of Proprietor. So yes you can pay such rent and claim the same as expenses against income from that business.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- 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
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
