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treatment the same in audit., Income Tax |
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treatment the same in audit. |
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dear sir, Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Rs. 10 Lacs will be revenue expenditure. It is immaterial that whether the machine is run by the reisdent or non resident. However if Rs. 10 Lacs is paid under Trial production phase, then it would be capitalized. Further if the business does not commences withing that period then only the Rs. 10 Lacs would be capitalized. Page: 1 Old Query - New Comments are closed. |
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