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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Expenses incurred to obtain deposits from the tenants by ...


Legal Costs for Tenant Deposit Recovery Considered Business Expenses, Eligible for Deductions Under Relevant Tax Rules.

February 5, 2014

Case Laws     Income Tax     HC

Expenses incurred to obtain deposits from the tenants by initiation of legal action was only in furtherance of the said business objective and, therefore, the expenditure would also be relatable to the same - HC

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