Menu
cash payment disallowance
employee made payment in cash for purchase of laptop and he was reimbursed by cheque. whether depreciation on same will be allowed.
Replies (1)
Sir, to the best of my knowledge in account books, only reimbursed cheque is entered, so there is no disallwance as business paid by cheque for the laptop.
Depreciation is also applicable.
Depreciation is also applicable.
Recent Threads
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
Related Threads
CAclubindia
