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.
1 Replies
Jatin
(Accountant)
(3479 Points)
Replied 21 May 2018
Rent paid in Cash above Rs 10000 not allowed, if paid , Rent expense will be disallowed
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