Cash paymnets
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2013
IF A CIVIL CONTRACTOR HAS PURCHASED LAND FOR STOCK IN TRADE IN CASH THEN WHAT WILL BE THE CONSEQUENCES AS PER INCOME TAX ACT.PLS GUIDE
ACS Gaurav Jain
(Expert)
11 October 2013
disallowed because it is purchase(trading or p & l account) not be part of fixed assets
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