The major question is when a business can be considered as set up and commenced. The concept of setup and commencement will differ industry to industry. Expenditure is deductible under the Income Tax Act, 1961 only after a business is set up.The major question is when a business can be considered as set up and commenced. The concept of setup and commencement will differ industry to industry. Expenditure is deductible under the Income Tax Act, 1961 only after a business is set up.taxmann.com Latest ArticlesRead More
