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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Expenses towards severance fees - prior period revenue ...

Income Tax

August 27, 2019

Expenses towards severance fees - prior period revenue expenditure - severing the tie from using intellectual property as well as trade name - severance fee not covered under any specific head of capital expenditure as per accounting standard (AS) issued by ICAI - claim of expenditure allowed.

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