Expenses by candidates in contesting elections to Parliament and State Legislatures can be allowed as deduction while framing income-tax assessment.

Expenses by candidates in contesting elections to Parliament and State Legislatures can be allowed as deduction while framing income-tax assessment. https://www.taxtmi.com/circulars?id=8980 The Board directs that expenses incurred in contesting elections to Parliament and State Legislatures are not allowable as a deduction when framing an income-tax assessment, and this disallowance applies regardless of whether the candidate wins or loses. en-us Wed, 05 May 1976 00:00:00 +0530 Wed, 01 Jun 2011 15:17:00 +0530 TaxTMI RSS Generator Expenses by candidates in contesting elections to Parliament and State Legislatures can be allowed as deduction while framing income-tax assessment. https://www.taxtmi.com/circulars?id=8980 The Board directs that expenses incurred in contesting elections to Parliament and State Legislatures are not allowable as a deduction when framing an income-tax assessment, and this disallowance applies regardless of whether the candidate wins or loses. Circulars Income Tax Wed, 05 May 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8980