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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

As the business in respect of which the said development cost ...

Income Tax

October 17, 2012

As the business in respect of which the said development cost has been incurred is discontinued, the same cannot be claimed as revenue expenditure in respect of another business being real estate business, just because the land has been converted into stock in trade for the present busines - AT

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  1. Product Development Expenditure incurred in the ordinary course of business for promoting existing brands, sustaining market and to push up the sales is Revenue expenditure

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