ques 16- defense expenditures come under capital expenditure.
Aakash
No. They come under revenue expenditure, for eg, salaries to defence personnel.
If any asset is being created, then it will come under Capital Expenditure.
Mrinal Mishra
Q2, the second statement is wrong as Paris Convention is from 1883 and not 1863.
Usman Shahid
Round tripping is âTax evasionâ(illegal) not tax avoidance(legal).
Comments
4 responses to “09th Sept 2021 | Economy Test 02”
ques 16- defense expenditures come under capital expenditure.
No. They come under revenue expenditure, for eg, salaries to defence personnel.
If any asset is being created, then it will come under Capital Expenditure.
Q2, the second statement is wrong as Paris Convention is from 1883 and not 1863.
Round tripping is âTax evasionâ(illegal) not tax avoidance(legal).