Rent to Husband
This query is : Resolved
02 April 2010
Dear Sir,
Can a proprietor ship firm owned by a wife pay rent to her husband for his factory ? is this expense allowable in income tax act.
Thanks in advance
Can a proprietor ship firm owned by a wife pay rent to her husband for his factory ? is this expense allowable in income tax act.
Thanks in advance
02 April 2010
YES IT IS ALLOWABLE. IF ANY UNJUSTIFIED AMOUNT IS SHOWN ONLY THEN THE ITO CAN OBJECT.
02 April 2010
yes, agree with sanjayji
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