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Which of the following statement is true? -(d) Rent paid is Revenue Expenditure

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Which of the following statement is true? 

(a) Capital Expenditure gives benefits for short period of time 
(b) Revenue Expenditure gives benefits for long period of time 
(c) Office Premises purchased is Capital Receipt 
(d) Rent paid is Revenue Expenditure 




(d) Rent paid is Revenue Expenditure 

Explanation:

The court held that the proportionate rent paid by the assesses is of revenue expenditure because it is the nature of royalty.





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