section 40A (3)
This query is : Resolved
02 November 2016
hello everyone
i am opening new gym and fitness centre. can i purchased gym equipment and machnies for cash above rs 20000. section 40A ( 3 ) states any expenditure. whether it includes capital expenditure also?
i am in sole proprietorship.
03 November 2016
it includes capital expenditure also.
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
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Query related to CA/CS/CMA Firm
- Value of Perquisite Tax Borne by Employer
- Automatic MIS from Tally ERP
- Schedule Dpm under 44ada no account casr
- Tax Demand of ₹4,650 for AY 2026-27
- Taxability and TDS treatment on Crypto futures
- Suggest proper Tax & TDS applicability on Crypto Futures
- Eligibility of Deduction Under 80jjaa
- TDS Retunr Statement Status
- GST applicability on Shipping charges
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
