Section 40(a)3
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2012
My company purchase vehicle of Rs. 32000 can they pay the whole amount in cash.
19 December 2012
YES, SECTION DOES NO APPLY ON CAPITAL EXPENSES.
19 December 2012
If the vehicle is a capital asset for you then the section don't apply.
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