Qualifying expenditure is the cost incurred on the plant or machinery used for the purpose of...
Qualifying expenditure is the cost incurred on the plant or
machinery used for the purpose of the business.
Describe the three (3) form of “expenditure” in which tax
legislature allows to be called Qualifying expenditure.
Homework Answers
Qualifying expenditure
Qualifying expenditure is the cost incurred on the plant or machinery used for the purpose of the business
example of qualifying expenditure
Expenditure incurred on the provision
Expenses made for the Provision will be treat as qualifying expenditure
Expenses made for construction
Expenses made for the construction will be treat as qualifying expenditure
3.Purchase of plant and machinery
Cash or Cash equitant expenditure made for purchase of plant and machinery like purchase of new vending machine
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