Regarding the disallowable exps
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2012
suppose, expenses in cash incurred Rs.100000 for the construction of furniture ( fixed asset). which section is applicable to this transaction
27 May 2012
Section 40A(3) is not applicable when cash is paid in connection with acquiring the Fixed Assets.
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