encouragement

The expenditure covered u/s 35AB should be in the nature of capital expenditure because the scheme of the IT Act, 1961 is that all the revenue expenses are allowable while computing income from business or profession u/s 37(1). Full Article

The role of modern day accounting professionals has come a long way, from a core accounting function to that of being viewed as a corporate gatekeeper. Today’s professionals are not just auditors, certifying routine book of accounts, but also on the boards of companies as directors. This multi disciplinary role puts emphasis on "always taking the correct decisions and doing everything right". While accountants look to successfully achieve the set standards, they are in.. Full Article