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Claim of deduction under income tax for advertisement exp

 

(Querist)
13 October 2011

Suppose Company A has incurred the expenditure on advertisement of Rs. 100000/- and the same is accounted in books of accounts as deferred revenue expenditure. But while filing the return of income the whole expenditure is treated as revenue. So we would like to know whether componay can claim in its return of income these expenditure. If yes please justify with case laws if any.




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