Poonawalla fincorps
Poonawalla fincorps

About entry tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2014 Hello professionals,

Please clarrify me that Entry tax is capital expendutre? or revenue expendutre?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 December 2014 it is based on the purchase of goods

if the normal materials purchase then it will be revenue

if purchase of fixed asset or capital items then it will be capital expenditure

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