1. If your business has incurred expenses to renovate or refurbish the business premises, you can claim tax deduction on this expenses under Section 14N of the Income Tax Act 1947. Please do note that only businesses that are carrying on a trade or business can claim this Section 14N deduction. Investment holding companies cannot… Continue reading Tax Deduction for Expenses Incurred on Renovation or Refurbishment Works Done to Business Premises
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