Foreign agents' sample acquisition in India qualifies for business expenditure deduction under Income Tax Act, Section 37(1).

Foreign agents' sample acquisition in India qualifies for business expenditure deduction under Income Tax Act, Section 37(1). https://www.taxtmi.com/highlights?id=21907 The samples were given to the foreign agents in person during their business exploratory visit in India and the same would fall under the expenditure laid out or expended wholly and exclusively for the purpose of such business - deduction allowed u/s 37(1) - HC en-us Mon, 23 Feb 2015 05:51:29 +0530 Mon, 23 Feb 2015 05:51:29 +0530 TaxTMI RSS Generator Foreign agents' sample acquisition in India qualifies for business expenditure deduction under Income Tax Act, Section 37(1). https://www.taxtmi.com/highlights?id=21907 The samples were given to the foreign agents in person during their business exploratory visit in India and the same would fall under the expenditure laid out or expended wholly and exclusively for the purpose of such business - deduction allowed u/s 37(1) - HC Highlights Income Tax Mon, 23 Feb 2015 05:51:29 +0530 https://www.taxtmi.com/highlights?id=21907