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SOLR_PROP

Income Tax Act, 1967.

Chapter III

Miscellaneous and General

Capital expenditure” under sections 251 and 254.

260.For the purposes of sections 251 and 254, capital expenditure shall not include any expenditure which is allowed, to be deducted in computing, for the purposes of income tax, the profits or gains of a trade or profession carried on by the person incurring the expenditure.