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(Querist)
14 September 2011 Dear All
Custom duty paid on import of machine is Revenue Expanses or Capital Expanses .

What is accepted by income tax authority .


Waiting for all of your reply .
Thanks
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
14 September 2011 All non refundable taxes or duties paid for purchase of capital goods should be capital expenses.
OM SAI SRI SAI JAI JAI SAI

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