Capital asstes
This query is : Resolved
Quick Summary
14 January 2021
MR.A cash Purchases a capital assets of scooter rs.95,000/- for the Asst.met year 2020-21. it is allowed for the tax audit report?
thnaks
thnaks
Harshit Bangar
(Expert)
14 January 2021
it shall be disallowed but if payment made in a day less than Rs. 10000 then it can be allowed as per income tax provision
14 January 2021
thank to your . if applicable form the asst-year 2020-21? ARE 2021-22?
05 November 2021
Being single bill of Rs. 95,000/- it will be disallowed.
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