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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Expenditure incurred on Antivirus software and switches treated ...

Income Tax

February 5, 2016

Expenditure incurred on Antivirus software and switches treated as capital expenditure eligible for depreciation @ 60% - there is no acquisition of any capital asset giving any advantage of enduring nature to the assessee, as these required periodical updation and constant improvement from time to time. - 100% expenditure allowed as revenue expense - AT

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