Allowable Losses in income Tax
Following Losses are Deductible from Business Income Loss of stock-in-trade as a result of enemy action, or arising under similar…
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Following Losses are Deductible from Business Income Loss of stock-in-trade as a result of enemy action, or arising under similar…
Expenditures disallowed for TDS default The Income Tax Act states certain circumstances where if the TDS deductible on payments has…
Section 43B is an over-ruling section and anything contained in other provisions of the Income Tax Act should not be…
A sole proprietor business is established, owned, financed and controlled by a single person who is known as sole trader…
Chartered Accountancy Chartered accountancy is a profession which works closely with the core of all business whether it is small,…
The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations…
The Patents Act provides certain safeguards for restoring a lapsed patent. Accordingly a patent that is ceased to have effect…
Invention under the Patent Act The Act under Section 2(1)(j) defines “invention” as a new product or process involving an…
The word “Patent” refers to a monopoly right over an invention. Not all inventions are patentable nor it is essential to protect…
Authorized Person An “Authorized Person” under FEMA, is a person who is authorized by Reserve Bank to deal in Foreign…