Whether non-refundable grants be considered as Capital Expenditure and not allowed as expenditure for deduction

The appellant-Corporation, National Co-operative Development Corporation, was established under the National Cooperative Development Corporation Act, 1962 (hereinafter referred to as the ‘NCDC Act’). 

source https://www.caclubindia.com/articles/whether-nonrefundable-grants-be-considered-as-capital-expenditure-and-not-allowed-as-expenditure-for-deduction-46749.asp

Post a Comment

Please drop your feedback, suggestions, query or feedback

Previous Post Next Post