what would be the tax treatment of purchase of capital asset through cash payment of more than 20000 for f.y 2016-17??
please provide the assistance ASAP
For F.Y 2016-17 there is no provision to disallow the capital expenditure incurred in cash.
For F.Y 2017-18 limit has been reduced and there is a provision for capital asset. here you cannot claim depreciation.
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