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40a(3)

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(Querist)
23 June 2014 Purchase of capital asset by cash ? Will sec.40A(3) impact on this ?? My knowledge says "No"
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 June 2014 no...40a(3) doesnt apply to capital assets.
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2014 this section not apply on purchase of fixed assets.
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