Warranty Provision

  • Sales Tax

Sales Tax on free replacement of defective parts in motor vehicles during warranty period

Sales Tax liability on free replacement of defective parts in motor vehicles during warranty period. Matter to be decided by…

5 years ago
  • Income Tax

Warranty provision allowable deduction if based on past events and reliable scientific estimate – ITAT

Provision for warranty allowable deduction if based on past events and reliable scientific estimate is made of future liability likely…

6 years ago