Assessee (tenant) incurred expenditure on renovation of ...

Income Tax

July 2, 2016

Assessee (tenant) incurred expenditure on renovation of premises, however assessee did not get any benefit of lower rent, therefore the entire expenditure cannot be allowed as revenue. - 75% of the expenditure is to be treated as capital and 25% as revenue

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Assessee (tenant) incurred expenditure on renovation of ...

Income Tax

July 2, 2016

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