Thursday, August 5, 2021

Exp. incurred by ‘Farah Khan’ on office-cum-residence premises are allowable on proportionate basis: ITAT

INCOME TAX : Where assessee, a professional choreographer, produced photographs and a video recording of office and residence to prove that a clearly demarcated part of premises was used as office by her, deduction of interest on loan, depreciation on office premises and furniture and fixture relating to office premises to be allowed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316276/exp-incurred-by-‘farah-khan’-on-office-cum-residence-premises-are-allowable-on-proportionate-basis-itat.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...