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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Payment of logo charges - revenue v/s capital expenditure - ...


Logo Charges on Rubber Contraceptives Deemed Revenue Expenditure Due to Limited Use and Sales-Based Payment Structure.

September 10, 2015

Case Laws     Income Tax     AT

Payment of logo charges - revenue v/s capital expenditure - Usage of logo by the assessee is only for displaying it on the product manufactured i.e. rubber contraceptives. That too, for a limited period as in lieu of payment @ 2% of the gross sales - allowed as revenue expenditure - AT

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