Perspective of members on same query.Please ref below links !!
https://www.lawyersclubindia.com/experts/details.asp?mod_id=99531
https://taxlawsjournal.wordpress.com/category/income-tax/disallowance/
/experts/car-purchase-in-cash-693510.asp
Thanks
Perspective of members on same query.Please ref below links !!
https://www.lawyersclubindia.com/experts/details.asp?mod_id=99531
https://taxlawsjournal.wordpress.com/category/income-tax/disallowance/
/experts/car-purchase-in-cash-693510.asp
Thanks
Naresh Patel
(C.A. Final)
(144 Points)
Replied 05 August 2011
Yaa.. you can purchase the Fixed Assets in cash and depreciation U/S. 32 will be claimed year to year on that acquired asset.
CA Devender Chauhan
(Group Financial Accountant)
(1526 Points)
Replied 06 August 2011
Thanks Mansha...........
Srinivas Karanam
(ksrinivas1729@gmail.com)
(34 Points)
Replied 02 July 2012
| Hi. |
In the latest TaxmaBook Direct taxes law and Practise It says Depreciation is disallowable .under Sec 40A(3)
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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