sundry balance w/f & drawings???????
This query is : Resolved
25 July 2010
can anyone tell me tht sundry balance w/f & drawings are allowable expenditure according to incometax ?????or not????????
25 July 2010
Sundry balances written off of trade balances is an allowable expenses
Drawings being personal expenses are not allowable expenses.
Drawings being personal expenses are not allowable expenses.
25 July 2010
agree with adityaji,
sudry balance you can written off but about drawings,you can not claimed as expenditure or as allowable expense.
sudry balance you can written off but about drawings,you can not claimed as expenditure or as allowable expense.
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