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Subject: Business Taxation 1. State whether following are capital or revenue expenditure, capital or revenue receipt. Also justify your answer with reason. Legal fees earned

Subject: Business Taxation

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1. State whether following are capital or revenue expenditure, capital or revenue receipt. Also justify your answer with reason. Legal fees earned by a financial advisor for drafting partnership deed. Advertising expenditure incurred by a company for the issuance of shares. Instalment of Rs. 1000 received for sale of a copyright. Transportation charges paid on the purchase of stock in trade. Amount received by an individual for sale of shares held for investment purpose

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