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Any artwork with life span of less than 6 months couldn’t be deemed as capital expenditure

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  • Any artwork with life span of less than 6 months couldn’t be deemed as capital expenditure
Posted onon October 19, 2013

Tenet Tax Daily October 18 2013

By tenettax-team
Corporate Tax

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Limit to rectify sec. 155 order begins from date of original order of Settlement Commmission even after minor changes in said order
Cash payments to agents to procure raw materials covered by Rule 6DD; no sec. 40A(3) disallowance

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