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Non-Compete Fee Can Be Deducted As Revenue Expenditure Under Section 37(1) Income Tax Act: Supreme Court Clarifies Long-Standing Controversy
Introduction The Indian Supreme Court has recently delivered a landmark judgment that has far-reaching implications for corporate taxation in the country. In Sharp Business System
FCCB Redemption Premium – Deductibility, Accounting Treatment & Tax Implications
1. INTRODUCTION: WHAT ARE FCCBs & WHY REDEMPTION PREMIUM MATTERS The Corporate Reality Scenario: A renewable energy company (wind turbine manufacturer) needs ₹500 crores to b
Section 14A Disallowance – Understanding The Fundamental Principle And Rule 8D Computation
1. INTRODUCTION & CONTEXT Why This Matters For any business investing in tax-exempt securities (dividend-yielding shares, mutual funds generating exempt income, Section 10 inve
