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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Capital or revenue expenditure - one time expenditure incurred ...

Income Tax

August 25, 2014

Capital or revenue expenditure - one time expenditure incurred for the Club Membership Fee – Such expenses are for running the business with a view to produce the benefits to the assessee - it cannot be treated as capital asset - HC

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