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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Product Design Development expenditure - revenue or capital ...


Product Design Development Costs for Existing Products Deemed Revenue Expenditure, Not Capital Expenditure.

March 15, 2019

Case Laws     Income Tax     AT

Product Design Development expenditure - revenue or capital expenditure - not incurred for development of a new product or new line of business - The expenditure incurred by assessee to improve the existing products is revenue expenditure.

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