https://www.taxtmi.com/article/detailed?id=176 Classification hinges on whether an outlay gives an enduring advantage. Revenue expenditure covers routine costs and items maintaining existing assets, while capital expenditure creates or materially enhances assets, increases capacity, efficiency, life or output, or places the business on a different footing. Replacements that do not produce long term benefit remain revenue; expenditures conferring distinct, lasting business apparatus or structural change are capital. Deferred revenue expenditure may be written off over several years. en-us Mon, 22 Sep 2008 00:00:00 +0530 Mon, 22 Sep 2008 10:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=176 Classification hinges on whether an outlay gives an enduring advantage. Revenue expenditure covers routine costs and items maintaining existing assets, while capital expenditure creates or materially enhances assets, increases capacity, efficiency, life or output, or places the business on a different footing. Replacements that do not produce long term benefit remain revenue; expenditures conferring distinct, lasting business apparatus or structural change are capital. Deferred revenue expenditure may be written off over several years. Articles Income Tax Mon, 22 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=176