Whether asset can be purchased by paying cash?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2013
50000
31 October 2013
you can purchase fixed assets for any amount.
the limitation of disallow will not applied in case of fixed assets
the limitation of disallow will not applied in case of fixed assets
31 October 2013
Yes you can. But remember, the source of this cash should be established!!
31 October 2013
No problem..
You can purchase asset in cash..
Sec 40a3 not attracted....
You can purchase asset in cash..
Sec 40a3 not attracted....
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