Dep. on admission fees and processing charges paid towards membership of stock exchange is allowable: ITAT

INCOME TAX : Membership in stock exchange by assessee creates intangible right in its favour, hence depreciation is to be granted towards admission fees and processing charges paid for said membershipINCOME TAX : Membership in stock exchange by assessee creates intangible right in its favour, hence depreciation is to be granted towards admission fees and processing charges paid for said membershipwww.taxmann.com Latest Case LawsRead More

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