Depreciation on f.a. purchased more than 20000
This query is : Resolved
11 September 2015
Dear Experts,
Pls clarify regarding, if Fixed assets was purchased in cash with amounting 30000 , which is greater than 20000. so dep on this asset is allowed as deduction or not ????
Kindly reply....
Pls clarify regarding, if Fixed assets was purchased in cash with amounting 30000 , which is greater than 20000. so dep on this asset is allowed as deduction or not ????
Kindly reply....
11 September 2015
Depreciation will not be disallowed. Because Rule 6DD does not apply to purchase of Fixed Assets. Hence you can buy fixed assets in cash without any limit and claim depreciation.
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11 September 2015
Dear Sir,
Can u pls provide any Link or attachment for the same...
Can u pls provide any Link or attachment for the same...
11 September 2015
I do not have any specific judgement or circular on it. Click below to see suggestions of other experts.
https://pdicai.org/AnsDisp.aspx?e=TawgolcieEcb5c2YYDOb4zCF8oVjLgNWUsN95pvFYOtE48mg%2FszrXav4EVUpwkJ1wp1Yz92oso8%3D
https://pdicai.org/AnsDisp.aspx?e=TawgolcieEcb5c2YYDOb4zCF8oVjLgNWUsN95pvFYOtE48mg%2FszrXav4EVUpwkJ1wp1Yz92oso8%3D
11 September 2015
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