I want to see the actual bare definition of capital expenditure.
where it is given.
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capital expenditure definition as per income tax act?
Replies (2)
any expenditure and the incidental expenses that are incurred in acquisition of a capital asset is an capital expenditure
similarly any expenditure incurred for constructing any factory shed or any building for business is also a capital expenditure
similarly any expenditure incurred for constructing any factory shed or any building for business is also a capital expenditure
There is no specific definition for the term " CAPITAL EXPENDITURE" its meaning can be interpreted situationally. If you want to have an idea reg the term please ref to DIR TAXES LAW AND PRACTICE BY VINOD K SINGHANIA - PAGE 376 PARA 141.2-4.
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