Comman expenses
CA Sonu Sharma (CA ) (114 Points)
28 June 2019
sir which of the commonly known business expenses which are allowed under income tax to a manufacturer or a trader.
3 Replies
Dipesh Jha
(PRACTICE )
(673 Points)
Replied 28 June 2019
all those expenses which is incurred in relation to bussines are allowable expense😊
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 28 June 2019
you get the benefit of additional depreciation on machinery purchased if you are manufacturing any article or thing
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