If the expenditure is incurred for day-to-day business ...

Classifying Business Expenses: Day-to-Day Costs Are Revenue, Not Capital; Government Payments Don't Define Classification.

July 1, 2016

Case Laws Income Tax AT

If the expenditure is incurred for day-to-day business activities of the assessee and not for acquiring some asset it has to be allowed as revenue expenditure. - Mere payment to government agencies would not make any expenditure capital/revenue - AT

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If the expenditure is incurred for day-to-day business ...

Classifying Business Expenses: Day-to-Day Costs Are Revenue, Not Capital; Government Payments Don't Define Classification.

July 1, 2016

Case Laws Income Tax AT

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