Thursday, December 18, 2014

[aaykarbhavan] Exp. incurred on interior decoration of office premises taken on lease is revenue exp.



Exp. incurred on interior decoration of office premises taken on lease is revenue exp.

December 18, 2014[2014] 52 taxmann.com 175 (Andhra Pradesh)
IT : Allowance of expenditure incurred for travelling of employees would be limited under rule 6D by taking each trip of an individual employee and not with reference to total trips made by him in previous year
IT : Expenditure incurred on wooden partitions, electric wiring, power connection, interior layout and carpeting, etc., in office premises taken on rent would be a revenue expenditure
IT : Amount allowed towards perquisites in respect of free supply of gas, electricity, water, etc., can be Rs. 500 per employee and not more than that
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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