Jewellery Design Charges are revenue in nature

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..... The assessee is a in the business of manufacturing of Jewellery. The charges paid for the designing of the jewellery were held as Capital Expenditure so disallowed. Whereas, the assessee is in the bus .....

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..... iness, where designing of the product kept changing very frequently. No enduring nature of the expenses of the assessee, nor any asset is came into being - Reply By Ganeshan Kalyani - The Reply = It .....

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..... is a revenue expenditure. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Jewelly is not a capital to the assessee. The jewels are to be sold to the ultimate consumers. Therefore the charges paid f .....

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..... or the designing of the jewellery are only revenue expenditure. - Jewellery Design Charges are revenue in nature - Query Started By: - Kamal Agarwal Dated:- 22-12-2015 Income Tax - Got 2 Replies - I .....

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..... ncome Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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..... .....

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