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Allowbility of cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 April 2015 Dear all
can i pay RS. 90000 cash for purchasing fixed assets...


please reply soon
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CA. SHIVA SHANKARA R. SHETTY

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CA. SHIVA SHANKARA R. SHETTY (Expert)
08 April 2015 Sec. 40A(3) dis-allowance shall not applicable to the capital goods. So you can purchase against cash
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 April 2015 Yes you can purchase Capital asset by paying cash.
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