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Depreciation

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(Querist)
16 February 2008 Whether Depreciation can be claimed on a fixed asset which is purchased for cash by paying an amount in excess of Rs.20000
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
16 February 2008 you can purchase capital assets on cash only when your exepences are debited to
prfit and loss account then it will disallowed u/s 40A(3)

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