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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Product Development Expenditure incurred in the ordinary course ...


Expenditure on product development for brand promotion and sales boost is classified as revenue expenditure.

July 2, 2016

Case Laws     Income Tax     AT

Product Development Expenditure incurred in the ordinary course of business for promoting existing brands, sustaining market and to push up the sales is Revenue expenditure

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