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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Nature of expenditure - The expenditure incurred in the form of ...

Case Laws     Income Tax

April 13, 2019

Nature of expenditure - The expenditure incurred in the form of salaries / training of employees and IRSE assessment cost, which are purely in the Revenue field is revenue expenditure - irrespective of the facts the same was capitalized in books due to application of Accounting Standards (AS-26)

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