Corporate tax realted query

hello sir

if i am buying new shop can i show shop  AND  product as expense  

Replies (3)
Quick Summary
This discussion clarifies whether purchasing a new shop or products can be treated as an expense for corporate tax purposes. The consensus is that buying a shop, like land for a builder, is a capital expenditure and not a revenue expense. This contrasts with rent, which is typically a revenue expense. The distinction between revenue and capital expenditure is crucial for correct accounting and tax treatment.

No, It is not revenue expenditure.

The purchase of any property being long term assets or capital expenditure.

HOW 

IF RENT CAN BE SHOWN AS EXPENSE THEN WHY COMMERICAL PROPERTY CANNOT BE SHOWN AS EXPENSE ?? IF A BULDER CONSTRUCT A BUILDING FIRST HE WILL BUY A LAND THE LAND WILL BE SHOWN AS EXPENSE THEN WHY COMMERCIAL PROPERTY CAN BE SHOWN AS EXPENSE? HOW TO SHOW  PRODUCT AS EXPENSE?

As per accounting parlance there are two types of expenditure revenue and capital.

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