TMI BlogAllowable business expenses/loss - compensation expenses attributable to unsold part of land - There is...Allowable business expenses/loss - compensation expenses attributable to unsold part of land - There is no concept of deferred revenue expenditure in tax laws. If the expenditure incurred is revenue in nature the same has to be allowed as expenditure/loss and the same is not to be allocated over some years. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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