frnds pls reply if u kno d answrs
1. what all pooja's(eg: ganesh pooja, vishwakarma pooja) can be claimed under pooja expense u/s 36(1) and case laws on pooja expense ?
2. case laws on interest on income tax (234b, 234c) ?
sowmiya.v (ca student) (156 Points)
26 January 2012
frnds pls reply if u kno d answrs
1. what all pooja's(eg: ganesh pooja, vishwakarma pooja) can be claimed under pooja expense u/s 36(1) and case laws on pooja expense ?
2. case laws on interest on income tax (234b, 234c) ?
RAKESH
(Almost CA)
(2199 Points)
Replied 26 January 2012
Deepak Gupta
(CA Student)
(15922 Points)
Replied 26 January 2012
Pooja expenses are allowable business expenditure which relate to the business of the assessee such as Vishkarma Jayanti and local festivals which are allowable, as there is no monetary limit for the purpose.
Pooja expenses which do not relate wholly to the business of the assessee will be disallowable as not incurred for the business.
ASSISTANT COMMISSIONER OF INCOME TAX vs. MAHARASHTRA METAL POWERS LTD.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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