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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Revenue expenditure vs WIP - business of Real Estate - expenses ...

Income Tax

April 4, 2019

Revenue expenditure vs WIP - business of Real Estate - expenses not related to the work in progress and debited to the P & L account being administrative expenses and selling expenses, marketing expenses are allowable as revenue expenditure

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  10. Nature of expenses - Relaunch expenses - deferred revenue expenditure claimed to the extent of 1/3rd in each of the year -The tribunal disagreed with the AO's...

  11. Bond issue expenses - Capital or revenue in nature - held as revenue expenditure - AT

  12. 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. -...

  13. The service provided by the assesse in substituting names of prospective buyers of real estate, in its records, for which it collects transfer charges, does constitute...

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