| Discussions Forum | ||
Home  Forum Income Tax This
|
||
| A Public Forum. Anyone can participate to share knowledge. |
||
|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||
Submit new Issue / Query |
||
INTEREST ON LOAN, Income Tax |
||
|
||
INTEREST ON LOAN |
||
Whether the interest payment for the unused leasehold land in the partnership firm is to be capitalised or is a revenue expenditure? The land ia idle and there is no any use of it and also it is not kept aside for any specific project or purpose. Is there any case law relating to it? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
It is revenue expenditure. Page: 1 Old Query - New Comments are closed. |
||
