40 a(3)

Raj Chitroda (Accounts) (325 Points)

02 May 2014  
if capital assets puchased worth rs 5 lac by mode of cash payment then dep rs 75k debited to p n l disallow u/s 40A(3) ? and. if capital assets financed with bank rs 3lac out of 5 lac then interest on loan will b disallow or not?