Business man have an rent agreement for Rs.19000/- per month for business premises .landlord not giving PAN and collecting payment in cash. whether business man book expenditure in account.
whether expenditure on rent allowed
kindly clarify other relevant clauses.
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rent paid in cash with agreement ml
Replies (1)
As such not allowed........ but will not be problematic if the income of the business assessed under presumptive scheme.
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