Tax deduction
This query is : Resolved
20 November 2012
sir plz tell me why it shud be considered as revenue exp?
20 November 2012
what is the issue? Which is REVENUE? Please elaborate.
20 November 2012
If assessee has incurred an education expenditure , for upgrading the knowledge which will help him in his new project ...what will be nature of that expenditure? capital or revenue? y? can it be allowed as an expenditure u/s 37?
20 November 2012
Generally.... revenue expenditure. No need to classify the same under CAPITAL EXPENDITURE. (Some people treat it as deferred revenue, and hence i used the word GENERALLY) It will depend upon the facts and circumstances of each and individual case.
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