i.t. assess construction of commerical building .exepenses paid for some amount paid cash mode and some other amount paid bank cheque mode .
Doubts:
1.cash payment exepenses penality applicable
2. cash payment exepenses depreciation claimed allowed.
3.cash payment value amount construction account included or excluced.
cash payment > 10,000 is not allowed
and such expenses shall not be allowed while computing profits for Business
and If a capital goods is purchased via other than Account payee cheque , Account payee bank draft , via Electronic Clearing System through Banking Channel or other modes as may be prescribed then depreciation shall not be allowed .
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