banner_ad

payment more than Rs.20000/-sec.40A(3)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 August 2009 Whether purchase of land(only land,no building) by cash more than Rs.20000/-is allowable or not?
Profile Image

C.A Rohit Gambhir

Profile Image

C.A Rohit Gambhir (Expert)
13 August 2009 Disallowance is only for those items which are charged to Profit & Loss Statement. For Capital Expenditure there is no disallowance u/s 40A(3).
Profile Image

manoj

Profile Image

manoj (Querist)
13 August 2009 thanks.but as per V.k.Singhania book para49.3-3,Section 40A(3) is appilicable even if an assessee purchase a depreciable asset.So whether it is applicable to depreciable asset & Disallowance of depreciation.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
13 August 2009 No 40A(3) not applicable
Profile Image

Ratan Sharma

Profile Image

Ratan Sharma (Expert)
14 August 2009 Agree with Mr. Aditya
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details