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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Deduction u/s 37 - Provision for exepenses - in order to derive ...


Claim for Estimated Expenditures on Minor Work Allowed u/s 37 of Income Tax Act for True Net Profit Calculation.

January 7, 2019

Case Laws     Income Tax     AT

Deduction u/s 37 - Provision for exepenses - in order to derive the true net profit in project completion method it is necessary to show these estimated expenditures, like,Exp. on minor/miscellaneous work - claim allowed.

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