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Income and capital expenditure

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Querist : Anonymous (Querist)
23 September 2012 can any one say about income and capital expenditure. what diffrence in income and capital expenditure?
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CA Amit Talada

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CA Amit Talada (Expert)
23 September 2012 revenue expenditure is direct cost which can be correlated to any income and which is incurred for earning any income.

capital expenditure is expenditure in capital assets of business and benefits of which are expected to be received over number of years.

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