An assessee incurred a sum of Rs.1,10,000 for alteration of the memorandum and articles of association. Such expenditure shall be considered as: | Faculties

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Q. An assessee incurred a sum of Rs.1,10,000 for alteration of the memorandum and articles of association. Such expenditure shall be considered as:

(A) Revenue expenditure
(B) Deferred revenue expenditure
(C) Capital expenditure
(D) Non-deductible expenditure

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✅ Correct Answer: (A) Revenue expenditure

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