CA Loan Bajaj Finserv
CA Final Online Classes
CA Loan Bajaj Finserv

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Construction expenses for depreciation

This query is : Resolved 

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
1Assess construction expenses total
rs:14 lacs(bank mode only) or Rs:20 lacs value show in books . expenses how to depreciation claimed producer in I.t. act. mode construction expenses treatment entries passed in books.

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

Similar Resolved Queries

Trending Tags

Do you have any Tax Queries