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Venus Traders engaged in turmeric trade with a turnover exceeding ?200 lakhs dispatched its goods through Indian Railways. The amount of freight payable as on 31.03.2017 was ?1,40,000. It wants to claim the freight as expenditure. To satisfy such claim, it has to pay the freight to Indian Railways

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The syllabus (and study weightage):
A. Advanced Direct Tax Laws 50%
B. International Taxation 30%
C. Case Study Analysis 20%


Venus Traders engaged in turmeric trade with a turnover exceeding ?200 lakhs dispatched its goods through Indian Railways. The amount of freight payable as on 31.03.2017 was ?1,40,000. It wants to claim the freight as expenditure. To satisfy such claim, it has to pay the freight to Indian Railways






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