is this deducted interest paid on money barrowed for purchasing of shares ,
and expanditure incurred for the activity of owning and maintainance of race horses..
kindly reply the soon thanks in advance ...
is this deducted interest paid on money barrowed for purchasing of shares ,
and expanditure incurred for the activity of owning and maintainance of race horses..
kindly reply the soon thanks in advance ...
yes you can claim expenditure on horse races...for detailed discussion refer 74A of the IT act 1961.,
CAclubindia
