Corporate Entities Can Deduct Expenses to Maintain Status, Even Without Active Business Operations.

Corporate Entities Can Deduct Expenses to Maintain Status, Even Without Active Business Operations. https://www.taxtmi.com/highlights?id=39291 Expenditure incurred for maintaining corporate entity - There is no doubt that the assessee is a corporate entity. Even if it is not carrying on any business activity it has to incur some expenditure to keep up its corporate entity. Therefore expenditure incurred by it has to be allowed. - AT en-us Mon, 07 May 2018 08:25:20 +0530 Mon, 07 May 2018 08:25:20 +0530 TaxTMI RSS Generator Corporate Entities Can Deduct Expenses to Maintain Status, Even Without Active Business Operations. https://www.taxtmi.com/highlights?id=39291 Expenditure incurred for maintaining corporate entity - There is no doubt that the assessee is a corporate entity. Even if it is not carrying on any business activity it has to incur some expenditure to keep up its corporate entity. Therefore expenditure incurred by it has to be allowed. - AT Highlights Income Tax Mon, 07 May 2018 08:25:20 +0530 https://www.taxtmi.com/highlights?id=39291