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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Addition on account of licence fee paid to DOT - if any ...

Income Tax

July 8, 2020

Addition on account of licence fee paid to DOT - if any expenditure on account of licence fee was payable up to 31.07.1999, it should be treated as capital expenditure and the licence fee on revenue sharing basis after 01.08.1999 should be treated as revenue in nature.

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