Poonawalla fincorp
Poonawalla fincorp

Payment more than 20000

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 August 2012 if an assets purchased for cash more then rs 20000 then depriciation of this assets allow or disallow ?
Profile Image

CA Saiyum khan

Profile Image

CA Saiyum khan (Expert)
30 August 2012 There is no specific provision for purchase of Assets in cash. Hence Depreciation is allowable.

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links