Disallowance of Expenditure
This query is : Resolved
04 August 2008
A Company has paid Rs 50,000 in cash for the purchase of Fixed Assest at a single time.
Whether such amount shall be added back to the profits of the company for the purpose of computation of Profits of the business.
Whether such amount shall be added back to the profits of the company for the purpose of computation of Profits of the business.
04 August 2008
No, fixed assets may be acquired in cash
14 August 2008
Whether loans can be given or taken in cash for the sum exceeding Rs 20000 or whether it shall be disallowed
02 September 2008
...
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