30 July 2021
Sir, A small share business person rent payment to house cum office purpose used rs:10,000/- per month. Question: Assess rent pay amount rs:10,000/- business expenses or personal expenses treated in it act.
30 July 2021
You may consider a proportion of the expense as business expense, say 50% (or as you may deem right) business expense and 50% as personal expense.
CAclubindia
