CA Day celebration 2024 Easy Office
LCI Learning

Whether pickpocket exp. is allowable under income tax act

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 December 2011 suppose i gave my staff Rs. 10000 for office exp. & he lost it in market & gave me a FIR copy for the same.whether this Rs. 10000 is allowable or disallowable under Income Tax Act.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
22 December 2011 You have got sufficient proof in the form of
FIR. You can claim it as it is during the normal course of business.
.
Profile Image

CA Abhishek Rana

Profile Image

CA Abhishek Rana (Expert)
23 December 2011 Such an expense can be claimed as deductible u/s 37(1) of Income Tax Act.
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


CA Day celebration 2024 with Tally CCI Pro

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