40a3
This query is : Resolved
06 July 2015
Payment made for purchase of furniture in cash excess 20000 is allowable under section 40A3??
06 July 2015
Yes Bhumika it is allowable.
As furniture is an asset.
You may be confused by referring the ready reckoner, that interpretation is of the author not followed in practice.
As furniture is an asset.
You may be confused by referring the ready reckoner, that interpretation is of the author not followed in practice.
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