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Cash expenditure

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18 August 2012 I want to know whether cash expenditure over 20000 is allowed for capital expenditure in same day same party?urgent
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
18 August 2012 In case of any amount paid in cash for purchase of property is allowed (capitalize )under the income tax tax since it is a capital expenditure does't attract Sec. 40(A)3 provisions.
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Guest (Expert)
28 August 2012 In this case the depreciation on that asset will be disallowed.
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