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Treatment of expense

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 October 2012 Water expenses treated under which head in income tax act 1961
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Pankaj Gupta

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Pankaj Gupta (Expert)
08 October 2012 Deduction is given under general business expense u/s 37(1).
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
08 October 2012 You can debit either Office Expenses or Repairs and Maintenance - Office
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