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Article Budget 2023 expectations of retail sector
Top 5 budget 2023 expectations of retail sector
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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
“It is a common practice for businesses to incur expenses towards gifts, free samples, promotional material, etc., on certain occasions like festivals and events, to promote their brand and grow their business … This ruling reaffirms the commonly understood principle that if an expenditure has been incurred for the furtherance of business interests, then it should be allowed as a deduction,”
Partner, Grant Thornton India LLP
This article appeared in Economic Times on 06th March, 2019.
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