Nature of expenditure - expenditure on repair works - The ...

Income Tax

September 19, 2022

Nature of expenditure - expenditure on repair works - The expenditure being huge is not the consideration to decide whether it is revenue or capital expenditure. The expenditure can be one time affair or recurring affair. Determination of capital or revenue expenditure is totally based on the circumstances of each case. - AT

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Nature of expenditure - expenditure on repair works - The ...

Income Tax

September 19, 2022

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