Hi, my name is Manju.
I am offering digital services like selling courses for competitive exams. I give volume-based discounts and other promotional discounts to the students.
Can these discounts be classified as revenue or capital expenditure?
If yes, then should they be classified as revenue or capital expenditure?
If classified as capital expenditure, then how to calculate the depreciation rate?
Thanks.
Thank you for the clarification, Giridhar ji.
But why did the Income Tax department ask Flipkart to reclassify discounts as capital expenditure?
"Income Tax department asks Flipkart to reclassify discounts as capital expenditure"
Read more at:https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/income-tax-department-asks-flipkart-to-reclassify-discounts-as-capital-expenditure/articleshow/62597949.cms
Thanks and Reagrds,
Manju
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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