Income tax query

Ajnas (Student) (844 Points)

16 December 2020  
If a company purchase fixed assets in cash Rs. 10000+1800 GST total bill value Rs. 11800, assesse already claimed GST input on such asset purchase remaining Rs. 10000 is capitliased in the fixed asset, then the this Rs. 10000 is considered as actual cost as per income tax act section 43(1)