Product Design Development Costs for Existing Products Deemed Revenue Expenditure, Not Capital Expenditure.

Product Design Development Costs for Existing Products Deemed Revenue Expenditure, Not Capital Expenditure. https://www.taxtmi.com/highlights?id=45164 Product Design Development expenditure - revenue or capital expenditure - not incurred for development of a new product or new line of business - The expenditure incurred by assessee to improve the existing products is revenue expenditure. en-us Fri, 15 Mar 2019 08:26:36 +0530 Fri, 15 Mar 2019 07:43:35 +0530 TaxTMI RSS Generator Product Design Development Costs for Existing Products Deemed Revenue Expenditure, Not Capital Expenditure. https://www.taxtmi.com/highlights?id=45164 Product Design Development expenditure - revenue or capital expenditure - not incurred for development of a new product or new line of business - The expenditure incurred by assessee to improve the existing products is revenue expenditure. Highlights Income Tax Fri, 15 Mar 2019 08:26:36 +0530 https://www.taxtmi.com/highlights?id=45164