Easy Office
LCI Learning

Sec.37

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 December 2010 Sir,

How will you identify an expense covered by sec.37. Please clarify me whether the following expenses are allowed under Sec.37 or some other section of the income tax,

1) Cost of goods sold

2) Labour charges

3) Carriage in wards

4) CST paid on Interstate purchase of materials

Thanks in Advance.

With regards

Sreekumar.N
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
20 December 2010 All are covered u/s 37.
Profile Image

Rahul Vora

Profile Image

Rahul Vora (Expert)
20 December 2010 Yes, all are covered u/s 37 as biusiness expense
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links