Uma
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narahari
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REVENUE EXPENDITURE--deduction shall be allowed for revenue expenditure.
CAPITAL EXPENDITURE--Expenditure incurred on acquisition,extension or improvement of fixed assets amounts to capital expenditure.
REVENUE EXPENDITURE--expenditure incurred in the ordinary course of business amounts to revenue expenditure
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veeru
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CAPITAL EXPENDITURE AND REVENUE EXPENDITURE
CAPITAL EXPENDITURE --No deduction shall be allowed for capital expenditure while computing taxable income
REVENUE EXPENDITURE--deduction shall be allowed for revenue expenditure.
CAPITAL EXPENDITURE--Expenditure incurred on acquisition,extension or improvement of fixed assets amounts to capital expenditure.
lochan
answered
CAPITAL EXPENDITURE AND REVENUE EXPENDITURE
CAPITAL EXPENDITURE --No deduction shall be allowed for capital expenditure while computing taxable income
REVENUE EXPENDITURE--deduction shall be allowed for revenue expenditure.
CAPITAL EXPENDITURE--Expenditure incurred on acquisition,extension or improvement of fixed assets amounts to capital expenditure.
REVENUE EXPENDITURE--expenditure incurred in the ordinary course of business amounts to revenue expenditure
CAPITAL EXPENDITURE--benefits from capital expenditure extends to more than one year.
REVENUE EXPENDITURE-- benefits from revenue expenditure are normally consumed within a year.
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