Reconstruction expenses of hospital
This query is : Resolved
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.
25 March 2021
It's 17 lacs only but depreciation can't be claimed on 8 lacs cash payment.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Gst on travel by air for business purposes
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Rent claimed on building given on permissive possession basis
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
