if fixed asset is purchased by cash then how depreciation is applied under income tax act
sec 40a(3) regarding fixed assets
Page no : 2
sanket
(xyz)
(22 Points)
Replied 10 November 2016
Sir if i pirchase asset u/s 35 for scientific reasearch on cash payment of 50000 then will it be allowed as deduction or disallowed as per sec 40A(3)
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