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Depreciation on capital asset purchased in cash

This query is : Resolved 

11 July 2018 Hello Experts, I have purchased Furniture costing Rs. 130000/- & payment made in steps less than 10000/- in a day. What should be the cost of the asset for the purpose of depreciation. Is there any dis allowance of capital expenditure or depreciation. Waiting for reply. Thank you.


11 July 2018 Cost is 1,30,000.

Can be depreciated.

No disallowance.

Inference - proviso to section 43(1).



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