Capital expenditure
This query is : Resolved
13 July 2013
1.Is allowable or dis allowable the capital expenditure is made for the amount of above 20000 through cash?
2.suppose an individual expended fifty thousand rupees cash on single payment for construction of his house so this capital expenditure is allowed or dis allowed under the income tax act?
1.Is allowable or dis allowable the capital expenditure is made for the amount of above 20000 through cash?
2.suppose an individual expended fifty thousand rupees cash on single payment for construction of his house so this capital expenditure is allowed or dis allowed under the income tax act?
CMA Ramesh Krishnan
(Expert)
18 July 2013
Sec.40A(3) disallowance is not practical for capital expenses, since it is not claimed under p&l
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