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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Nature of expenses – Capital or revenue – Any expenditure ...


Repair Costs for Rented Premises: Taxpayer-Borne Expenses Classified as Revenue Expenditure.

August 22, 2014

Case Laws     Income Tax     HC

Nature of expenses – Capital or revenue – Any expenditure incurred by the assessee towards repairing the premises taken on rent if he has undertaken to bear the cost of the repairs is allowed as revenue expenditure - HC

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