{"id":29024,"date":"2022-08-03T10:49:59","date_gmt":"2022-08-03T05:19:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=29024"},"modified":"2022-08-04T07:10:19","modified_gmt":"2022-08-04T01:40:19","slug":"allowability-of-expenses-under-income-tax","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/allowability-of-expenses-under-income-tax\/","title":{"rendered":"ALLOWABILITY OF EXPENSES UNDER INCOME TAX"},"content":{"rendered":"<p>CELEBRITY CRICKETOR WITH AN INTENT TO TO MAINTAIN GOOD IMAGE\/SOCIAL STATUS AND TO GAIN MORE FOLOWERS AND NEW BRAND ENDORSMENT PURCHASES EXPENSIVE WATCH AND CLOTHES FOR HIM.<\/p>\n<p>Q1. CAN SUCH PURCHASE OF CLOTHS \/ WATCH BE CLAIMED AS EXPENSE DEDUCTION FROM BRAND ENDORSMENT INCOME AND CRICKET INCOME.<\/p>\n<p>CRICKETOR TAKES SHOULDER INSURANCE KNEE INSURANCE LEG INSURANCE I.E. IMPORTANT BODY PART REQUIRED TO PLAY CRICKET\u00a0 AND ALSO WITH A CLAUSE THAT IN CASE OF INJURY TO ANY SUCH PART DUE TO WHICH HE IS NOT ABLE TO PLAY MATCH INSURANCE COMPANY WILL REPAY.<\/p>\n<p>Q2 &#8211; CAN SUCH INSURANCE AMOUNT BE CLAIMED AS EXPENSE<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[76,660,661],"class_list":["post-29024","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-business-expenditure","qa_tag-cricketer","qa_tag-insurance"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/29024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29024"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29024"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=29024"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=29024"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=29024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}