Dear Subscriber,
How To Ensure Expenditure On Director's Relative's Education Is Deductible
There are several judgements on the question of deductibility of expenditure incurred on education of a director's relative. While some have held the expenditure to be incurred for business purposes, others have held it to be in the nature of personal expenditure. The author has carefully analyzed the judgements and culled out the core principles that need to be borne in mind to ensure that the expenditure is deductible.
The article will be very useful for all tax payers and tax professionals.
Regards,
Editor,
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