depreciation
arzoo gupta (student) (64 Points)
20 July 2018
if asset is purchased in cash for above 10000 what will be the affect on depreciation for f.y 17-18
3 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 20 July 2018
Any expenditure made above 10k is disallowed to be claimed as expenditure u/s40(a)(3) and hence no depreciation can be claimed on such expense.
rama krishnan
(12244 Points)
Replied 20 July 2018
agree with Mrs/ Ms. ruchika.... it's not 40A(3) but section 43....
rixuloie
(CEO)
(22 Points)
Replied 21 July 2018
The appreciation of the Indian man has been posted for the individuals. The candidates have been shred with bid4papers for all flaws for the products and all ideal terms for the humans.
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