Deferred Revenue expenditure disallowance - The advertisement ...

Income Tax

April 29, 2020

Deferred Revenue expenditure disallowance - The advertisement and sales promotion is the necessity of the business and thus, an integral part of the business activity. Therefore, the expenses incurred on advertisement etc. are not for acquisition of an asset or right of a permanent character, therefore, cannot be said to be a capital expenditure. It is but a revenue expenditure. - HC

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Deferred Revenue expenditure disallowance - The advertisement ...

Income Tax

April 29, 2020

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