Section 40(a)3

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Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2012 My company purchase vehicle of Rs. 32000 can they pay the whole amount in cash.

Arun Biyani (Expert)
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19 December 2012 YES, SECTION DOES NO APPLY ON CAPITAL EXPENSES.

Pankaj Gupta (Expert)
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19 December 2012 If the vehicle is a capital asset for you then the section don't apply.

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