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Can i buy fixed assets costing more than 20k by cash ?
Can I purchase fixed assets or contribute capital in cash ? if I pay more than 20k in cash for expenses incurred it will be disallowed. In case of fixed assets and capital contribution there is no question of disallowance.
are there any other implication ?
Replies (2)
Yes. But the payments have to deferred in several dates subject to a max of Rs. 20,000/- per day.
Why shouldn't I pay more than 20k in a day to purchase fixed assets ?
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