If the expenditure is capitalized, the income earned on ...

Income from Temporarily Parked Funds Reduces Capital Work-in-Progress; Market Research and Depreciation Included in Capital Costs.

August 20, 2019

Case Laws Income Tax AT

If the expenditure is capitalized, the income earned on temporary parking of the funds being capital in nature will go to reduce the capital work-in-progress. - similarly, market research expenses and depreciation on leasehold improvements not to be allowed as business expenditure and and will be the part of capital work-in-progress.

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If the expenditure is capitalized, the income earned on ...

Income from Temporarily Parked Funds Reduces Capital Work-in-Progress; Market Research and Depreciation Included in Capital Costs.

August 20, 2019

Case Laws Income Tax AT

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