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Income Tax - Highlights / Catch Notes

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Allowability of expenses u/s 37 - asset management company - ...


Asset management company expenses u/s 37 are allowable post-SEBI approval and Companies Act registration.

March 27, 2019

Case Laws     Income Tax     AT

Allowability of expenses u/s 37 - asset management company - twin conditions, firstly that the tax- payer company should be registered under the Companies Act, 1956 and secondly it should be approved as such by SEBI - expenses allowable from date of approval by SEBI

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