Easy Office
LCI Learning

Disallowance of Expenditure

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 August 2008 A Company has paid Rs 50,000 in cash for the purchase of Fixed Assest at a single time.

Whether such amount shall be added back to the profits of the company for the purpose of computation of Profits of the business.
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
04 August 2008 No, fixed assets may be acquired in cash
Profile Image

SHAIKH AIJAZ ABU MIYAN

Profile Image

SHAIKH AIJAZ ABU MIYAN (Querist)
14 August 2008 Whether loans can be given or taken in cash for the sum exceeding Rs 20000 or whether it shall be disallowed
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

SHAIKH AIJAZ ABU MIYAN

Profile Image

SHAIKH AIJAZ ABU MIYAN (Querist)
02 September 2008 ...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links