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

Salaries, training, and IRSE assessment costs are revenue expenses, even if capitalized under AS-26 in financial records.

April 13, 2019

Case Laws Income Tax AT

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

Salaries, training, and IRSE assessment costs are revenue expenses, even if capitalized under AS-26 in financial records.

April 13, 2019

Case Laws Income Tax AT

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