Advances for Extended Warranty are Taxable Upon Contract Maturity to Avoid Double Taxation, While Stock, Depreciation, and ESOP Disallowances Require Factual Verification
Advances for Extended Warranty are Taxable Upon Contract Maturity to Avoid Double Taxation, While Stock, Depreciation, and ESOP Disallowances Require Factual Verification Issue Whether taxing advances collected towards extended warranty in the year of receipt amounts to double taxation when the assessee already offers them to tax in the year of contract maturity. Whether a… Read More »