Tag Archives: #DeductibleDinesLodges

What tax deductions are available for restaurants and hotels during ITR filing?

ITR Filling Deductions for Restaurants Here are some ITR filling deductions available for restaurants and hotels: 1. Cost of goods sold: This is the cost of the food and beverages that are sold by the restaurant or hotel. It includes the cost of raw materials, packaging, and freight. 2. Employee salaries and wages: This includes… Read More »