30 August 2017
It is a pvt ltd Company and the Ay is 2017-18 ( Fy Year Ending 31st March 2017). Whether depreciation on purchase of fixed assets from URD { Unregistered Dealer } is allowable ?
30 August 2017
The buyer has purchased in cash by way of splitting (10,000 three times ). There is no documentary evidence also. I think we will have to pay tax on purchase for claiming depreciation.
CAclubindia
