Reconstruction expenses of hospital
This query is : Resolved
Kollipara Sundaraiah
(Querist)
25 March 2021
Sir,
Sec 44ab audit it return filed person running a private hospital.some reconstruction expenses for hospital details mentioned below in f.y 20-21.
1.some reconstruction expenses Rs:8 lacs payment through on cash mode(Rs:10,000/- limit above per day)
2.somr reconstruction Rs:9 lacs payment through on bank mode.
Question:
Assess reconstruction expenses value rs:9 lacs or Rs:17 lacs show in books, balance sheet and transfer to hospital construction account in f.y.20-21.
Sec 44ab audit it return filed person running a private hospital.some reconstruction expenses for hospital details mentioned below in f.y 20-21.
1.some reconstruction expenses Rs:8 lacs payment through on cash mode(Rs:10,000/- limit above per day)
2.somr reconstruction Rs:9 lacs payment through on bank mode.
Question:
Assess reconstruction expenses value rs:9 lacs or Rs:17 lacs show in books, balance sheet and transfer to hospital construction account in f.y.20-21.
CA R SEETHARAMAN
(Expert)
25 March 2021
It's 17 lacs only but depreciation can't be claimed on 8 lacs cash payment.
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