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Expenditure relatable to business of assessee having given some enduring benefit cannot be regarded as capital expenditure
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Corporate Tax
Expenditure relatable to business of assessee having given some enduring benefit cannot be regarded as capital expenditure
Posted on
on
September 16, 2013
Tenet Tax Daily September 16 2013
By
tenettax-team
Corporate Tax
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Disentitlement of carry forward of loss – only when original return is not filed within due date; date of revised return not to be considered
Income from contracting business to be estimated by applying net profit ratio of 8 per cent as a percentage of gross receipts as incorporated in section 44AD
