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