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Brokerage paid to mobilize public deposit was revenue exp. if interest was payable on it and deposit had fixed term
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Corporate Tax
Brokerage paid to mobilize public deposit was revenue exp. if interest was payable on it and deposit had fixed term
Posted on
on
January 30, 2015
Tenet Tax Daily January 29 2015
By
tenettax-team
Corporate Tax
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Mere mentioning of country’s name and detail of expenses does not indicate purpose of foreign travel; disallowable
Wheeling charges paid for transmission of electricity would attract TDS under sec. 194C instead of sec. 194J
