Subvention payment - amount received from parent company - If the financial assistance is extended to run business more profitably or to meet recurring expenses, such payment will have to be treated as revenue receipt - HC - Income Tax - Highlights

Income Tax - Dated - 30-11-2013 - Subvention payment - amount received from parent company - If the financial assistance is extended to run business more profitably or to meet recurring expenses, such payment will have to be treated as revenue receipt - HC - TMI Tax Updates - Highlights ................................... Income Tax - Highlights