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Reg:income tax sectio 40

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(Querist)
16 October 2013 Dear All,

PLEASE SUGGEST ASAP.

Does section 40A(2) and 40 A(3) include revenue expenditure,i.e,expenditure hitting by profit and loss account OR does it also include Capital expenditure( assets related expenditure)?

PLEASE PROVIDe ASAP

Thanks and regards
Aashish.R
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 October 2013 It talks about exp claimed to be deducted under the income business gain and debited to profit and loss a/c.

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