Cash Payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2011
Dear Experts
We have paid Rs 40,000 cash against purchase of fixed assets.If it is comes under the perview of 40A(3).
We have paid Rs 40,000 cash against purchase of fixed assets.If it is comes under the perview of 40A(3).
07 February 2011
It does not come under 40A(3)
as no deduction is claimed thru Fixed assets.
You can claim depreciation on it.
as no deduction is claimed thru Fixed assets.
You can claim depreciation on it.
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