Disallowance of rental deposits written off - revenue or capital ...

Interest-Free Rental Deposit Write-Off Recognized as Business Loss, Allowable Deduction as Revenue, Not Capital.

September 7, 2013

Case Laws Income Tax AT

Disallowance of rental deposits written off - revenue or capital in nature - the write off of the interest free deposit made by the assessee to the licensor against rental properties was a loss incidental to the business and, hence, the assessee was entitled to claim the same as allowable deduction - AT

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Disallowance of rental deposits written off - revenue or capital ...

Interest-Free Rental Deposit Write-Off Recognized as Business Loss, Allowable Deduction as Revenue, Not Capital.

September 7, 2013

Case Laws Income Tax AT

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