Disallowance under business or profission

Discussion in 'Tax planning' started by raj, Apr 24, 2014.

  1. raj

    raj Member

    Conducting meetings in restaurents is a part of my business. If i have paid Rs. 3,00,000/- through Cash as a counter payment in a restaurent. Is this amount can be an allowed expenditure in Income Tax, under business or profession. Please suggest me for Tax palnning.

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