03 March 2009
hi every one i hav two queries 1)if an asset is purchased for cash exceeding Rs 20000/- , then sec 40A(3)gets attracted . then whats the penal provision for such as , however , asset purchased will not be allowed as deduction as it will get captalised
2) is it possible that a private company be listed in stock exchange . ( obviously no ) , but my quiery is that why Reliance industries , TATA is referred as a private undertaking
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