Expenses u/s 40a
This query is : Resolved
28 March 2012
are payments excess 20000 in cash against purchases renovation of building allowable under IT act.
28 March 2012
Yes, if the expenditure is in the nature of Capital expenditure like purchase of Building then it is allowable.
If renovation exp. on building is also of capital nature then allowable otherwise not
If renovation exp. on building is also of capital nature then allowable otherwise not
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