Jewellery Design Charges are revenue in nature

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....ewellery Design Charges are revenue in nature<br> Query (Issue) Started By: - Kamal Agarwal Dated:- 22-12-2015 Last Reply Date:- 23-12-2015 Income Tax<br>Got 2 Replies<br>Income Tax<br>The assessee is....

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.... a in the business of manufacturing of Jewellery. The charges paid for the designing of the jewellery were held as Capital Expenditure so disallowed. Whereas, the assessee is in the business, where de....

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....signing of the product kept changing very frequently. No enduring nature of the expenses of the assessee, nor any asset is came into being Reply By Ganeshan Kalyani: The Reply: It is a revenue expend....

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....iture. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Jewelly is not a capital to the assessee. The jewels are to be sold to the ultimate consumers. Therefore the charges paid for the designing of the j....

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....ewellery are only revenue expenditure.<br> Discussion Forum - Knowledge Sharing ....