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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Reusable artwork expenses - revenue v/s capital expenditure - ...


Reusable Artwork Expenses Under Six Months Are Revenue, Not Capital, for Tax Purposes.

May 21, 2015

Case Laws     Income Tax     AT

Reusable artwork expenses - revenue v/s capital expenditure - Considering the average life span of such artwork, which is only less than six months, it cannot be inferred that any capital apparatus has come into existence - AT

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