08 September 2015
IF A MACHINERY WAS PURCHASED FOR RS 50000, AND PAYMENT FOR THE SAME WAS MADE IN CASH, THEN DEPRECIATION ON THIS ASSETS WOULD B ALLOWED OR NOT?
08 September 2015
Dear anonymous, your subject and question are not in sync. Yes any revenue expense payment above 20k is disallowed. But if you are capitalising then where is the question of disallowing?