Payment exceed rs. 20000 in cash
Page no : 2
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 22 February 2014
SHASHANK AGARWAL
(self employed)
(114 Points)
Replied 22 February 2014
IN my opinion since the same will be revenue expenditure and hence disallowed.
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surya prakash
(PROPRIETOR)
(36 Points)
Replied 23 February 2014
both are capital exps in nature and hence the question does not arise. However, one view is that depreciation is being claimed on the above exps, hence the rule applies.
shruti sood
(-)
(21 Points)
Replied 23 February 2014
Brajakishor
(Audit Manager)
(21 Points)
Replied 25 February 2014
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