Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :


Thank you for your details

Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
Skip Navigation Links

Banks are allowed to claim share issue expenses as preliminary expenses

January 30, 2019[2019] 102 taxmann.com 442 (Kerala)/[2019] 261 Taxman 521 (Kerala)/[2019] 410 ITR 280 (Kerala)

IT: Assessee bank extending financial services, would be entitled to amortisation of preliminary expenses in connection with issue of shares for public subscription

IT: Section 14A would be applicable only from assessment year 2007-08 onwards

IT: Disallowance of provision for leave encashment under section 43B(f) is allowable

IT: Bad debts written off relating to non-rural branch of assessee bank would be allowable as deduction under section 36(1)(vii)

read more

Best view in 1140 x 768