banner_ad

Construction expenses for depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 January 2021 Sir,
Assess sec 44ab audit filed person new construction expenses of residential house details mentioned below
1.some construction expenses Rs:6 lacs payment through on cash mode(10,000/- limit per day)
2.some construction expenses Rs:14 lacs payment through on bank mode
Question:
1Assess construction expenses total
rs:14 lacs(bank mode only) or Rs:20 lacs value show in books .
2.construction expenses how to depreciation claimed producer in I.t. act.
3.cash mode construction expenses treatment entries passed in books.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
24 January 2021 1 Show 20 lacs.
2 Residential House no depreciation can be claimed.
3 Cash payment within limits pass cash payment entry.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details