Payment made in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2016
Respected all
wheather section 40A of Income Tax Act also applies on fixed assets ?
i.e can i made payment of fixed assets in cash exceeding Rs 20000 without attracting disallowance from Income Tax authorities ?
wheather section 40A of Income Tax Act also applies on fixed assets ?
i.e can i made payment of fixed assets in cash exceeding Rs 20000 without attracting disallowance from Income Tax authorities ?
09 October 2016
Yes you can do no dis allowance.
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