Nature of Expenditure
This query is : Resolved
03 June 2010
OIDC(a government owned company)and a group of firms in Daman have made an agreement to DEVELOP ROAD and for which one of such firm has paid Rs.260000/- to OIDC(firm's share) which is material,considering the nature of firm so whether the expenditure can be considered as Capital expenditure or revenue expenditure?
03 June 2010
The question is vague. Need to have details of what is the amount paid in the context of the agreement entered to ascertain the nature
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