Education cess is allowable as business expenditure.
u/s 40(a)(ii) of the Income-tax Act, 1961
hapal_cheema (prop.) 21 October 2010
Education cess is allowable as business expenditure.
u/s 40(a)(ii) of the Income-tax Act, 1961
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 22 October 2010
Expenses etc.,Section 40 A permits all expenses or payments reasonable and allows them as deductions while computing the income of the firm.
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