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Computers to be purchased in cash for pvt ltd co

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(Querist)
15 July 2012 hi all,
i m working in pvt ltd co and we want to buy computers amt to rs 250000/- can we buy it in cash is there any problem in income tax and if yes does it affect while claiming depreciation on that computers
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
15 July 2012 Does the Pvt Ltd company not have a bank account or sufficient balance therein ?
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To purchase in cash creates suspicion in the minds of not only of the Tax Authorities but also of a common man.
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However, depreciation can be claimed and is allowable.
.
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m.a.p

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m.a.p (Querist)
15 July 2012 thanks for your advice
we have bank accounts but just want to ask if we can buy it in cash or no
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