Union Budget 2022: Freebies to doctors are illegal, no tax deduction allowed
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Union Budget 2022: Freebies to doctors are illegal, no tax deduction allowed 1. Explanation 1 of sub-section (1) of section…
section 37
Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction
Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction…
Provision for ‘sales incentive’ is deductible under Sec. 37(1): Bombay HC
Provision for ‘sales incentive’ is deductible under Sec. 37(1): Bombay HC CIT v. Maharashtra Hybrid Seeds Co. Ltd. – [2021]…
In order to qualify for deduction, the expenditure must be incidental to the business and must have been necessitated or justified by commercial expediency; there must be a direct and intimate connection between the expenditure and the business
In order to qualify for deduction, the expenditure must be incidental to the business and must have been necessitated or…
Business expenditure disallowance not justified if based merely on conjecture and surmise and not on any material
Business expenditure disallowance not justified if based merely on conjecture and surmise and not on any material YOGESHWAR…
Interesting Issue in GST : Admissibility of Input tax credit on Motor vehicle used for demonstration purpose
Interesting Issue in GST : Admissibility of Input tax credit on Motor vehicle used for demonstration purpose Chowgule Industries…
