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Amount paid to Consulting firm for sourcing a strategic investor - Income TaxExtract One of my clients have paid around Rs. 250 lakhs, lumpsum, to a consulting firm for sourcing a strategic investor for his business. The project was a success and the company has settled the bill of the consulting firm. The consulting firm invoice only states 'Project - success fees' with HSN/ SAC 998311. TDS was applied at 10% u/s.194J . My query to the learned panelists are: Can I claim this sum as a deduction for Income-tax purposes u/s.37 ? Thanks
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