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To know which are all taxable in a start up


08-Dec-2024 (In Tax Law)
is the money which is used to buy a land for my business that came as a downpayment for renting land is taxed or could i deduct it as business expenses
Answers (1)

Answer #1
752 votes
capital expenditure not allowed business deduction since only revenue expenditure will be allowed in p,&lDedicated Practicing Advocate with extensive experience in Tax, Corporate, and Commercial laws. Demonstrates a proven track record in representing clients before various legal forums, including CIT(A), GST(A), GSTAT, ITAT, and High Courts of Andhra Pradesh, Maharashtra, and Tamil Nadu. Enrolled with the Andhra Pradesh High Court and serves as legal counsel for tax matters in other
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