Royalty for Non-Exclusive Trademark Use and Interest When Having Surplus Funds Are Allowable Deductions
Royalty for Non-Exclusive Trademark Use and Interest When Having Surplus Funds Are Allowable Deductions Issue Whether royalty paid for non-exclusive and non-transferable rights to use a trademark/logo constitutes allowable revenue expenditure under Section 37(1) of the Income-tax Act, 1961 (Section 34 of the Income-tax Act, 2025). Whether disallowance of overdraft (OD) interest under Section 36(1)(iii)… Read More »