INTERVIEW QUESTIONS TAX DETAILS

Question: What is Capital Expenditure in Taxation?

Answer: Capital Expenditure in Taxation is the expenditure on improvement rather than repair. Where expenditure is more closely connected with the business income-earning structure than its income earning capacity, it is capital expenditure.

Capital Expenditure in Taxation is the expenditure on improvement rather than repair. Where expenditure is more closely connected with the business income-earning structure than its income earning capacity, it is capital expenditure. Source: CoolInterview.com

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