Applicability of Sec 40A(3)
This query is : Resolved
05 July 2011
Sir / Madam,
Please suggest me whether the amount of depreciation will be disallowed if the asset is purchased partly in cash and partly in cheque.
Please quote relevant case law and rules if any...
Please rply urgently
Please suggest me whether the amount of depreciation will be disallowed if the asset is purchased partly in cash and partly in cheque.
Please quote relevant case law and rules if any...
Please rply urgently
17 July 2011
It will not be disallowed.
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