Tax alert: Variable license fees paid by telecom companies is capital expenditure has been saved
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Tax alert: Variable license fees paid by telecom companies is capital expenditure
18 October 2023
The Supreme Court of India has held that variable licence fees paid by taxpayer, engaged in the business of telecommunication services, to the Department of Telecommunications (DoT), under the New Telecom Policy of 1999 (Policy of 1999) is capital in nature and can be amortised.