As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?

Name: As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?
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Question

Quizplus · Accepted Answer

Capital expenditure is not allowed as a deduction under section 30 because it is not an expense for the current period but an investment in the asset, which is expected to provide benefits over several years.

As Per Section 30, Which Expenditure Incurred for a Building