Capital Expenditure
Legal definition for Indian law research
Definition
capital expenditure
: an amount paid out that creates a long-term benefit (as one lasting beyond the taxable year)
;esp
: costs that are incurred in the acquisition or improvement of property (as capital assets) or that are otherwise chargeable to a capital account NOTE: Capital expenditures are not deductible for income tax purposes. They are generally added to the property's basis.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.