Capital expenditure?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2010
pls clarify whether the folowing expenditure is a capital expenditure or a revenue expenditure?
1.Compensation payable towards advance for Share capital
whether we hav to dissallow in the computation of taxable income as per IT act?
1.Compensation payable towards advance for Share capital
whether we hav to dissallow in the computation of taxable income as per IT act?
07 July 2010
Yes, provided this amount has been debited to P&L A/c.
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