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Payment of income tax

This query is : Resolved 

03 August 2015

WHETHER TREATED PAYMENT OF INCOME TAX IS REVENUE EXPENDITURE OR CAPITAL EXPENDITURE?

1. IF REVENUE EXPENDITURE, PLEASE EXPLAIN

2.IF CAPITAL EXPENDITURE, PLEASE EXPLAIN

03 August 2015 it is not an expenditure first of all as it is a charge on income earned during year and its personal charge not realted to only business


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