The Income Tax Appellate Tribunal (ITAT) ruled that the payment of membership and subscription charges are preliminary expenditure which is incurred by Philips and after the setting up of business it will be paid by the clients. The ITAT said that expenditure incurred by the assessee can be treated as preliminary expenditure for the purpose […]
The post Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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