general one
This query is : Resolved
03 March 2009
hi every one
i hav two queries
1)if an asset is purchased for cash exceeding Rs 20000/- , then sec 40A(3)gets attracted . then whats the penal provision for such as , however , asset purchased will not be allowed as deduction as it will get captalised
2) is it possible that a private company be listed in stock exchange . ( obviously no ) , but my quiery is that why Reliance industries , TATA is referred as a private undertaking
i hav two queries
1)if an asset is purchased for cash exceeding Rs 20000/- , then sec 40A(3)gets attracted . then whats the penal provision for such as , however , asset purchased will not be allowed as deduction as it will get captalised
2) is it possible that a private company be listed in stock exchange . ( obviously no ) , but my quiery is that why Reliance industries , TATA is referred as a private undertaking
14 March 2009
section 40A(3) will not be attracted.
and
reliance tata are not private undertaking its that majority of the shared holding is in single hands.
and
reliance tata are not private undertaking its that majority of the shared holding is in single hands.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Applicability of Ind As to associate of associate
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
