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Business deemed to have commenced even on commencement of one of the activities constituting the business

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Posted onon August 24, 2013

Tenet Tax Daily August 24 2013

By tenettax-team
Corporate Tax

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Sum incurred mainly on advertisement to promote sales is an allowable revenue expenditure
Employees’ contribution to PF, ESI paid after due dates but before sec. 139(1) due date is deductible

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