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Cash Payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 February 2011 Dear Experts

We have paid Rs 40,000 cash against purchase of fixed assets.If it is comes under the perview of 40A(3).
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Ravikant

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Ravikant (Expert)
07 February 2011 It does not come under 40A(3)
as no deduction is claimed thru Fixed assets.
You can claim depreciation on it.

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