Easy Office
Easy Office

Income from business

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(Querist)
07 April 2019 Is • Payment of license fees for obtaining franchise allowable expense? If so under which section?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 April 2019 No. It is an intangible asset , to be depreciated @25% as per Income tax Act,1961
r.a.w the rules thereon.

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