Sec.37
This query is : Resolved
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
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
20 December 2010
All are covered u/s 37.
20 December 2010
Yes, all are covered u/s 37 as biusiness expense
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
