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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Disallowance towards travelling expenses - Allowable business ...

Income Tax

July 1, 2020

Disallowance towards travelling expenses - Allowable business expenditure or personal expenditure - Being a PSU and under aegis of GOI, there cannot be an element of personal use of the company and therefore, such ad-hoc disallowance cannot be made and same is directed to be deleted

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