tax queries
This query is : Resolved
09 March 2011
applicability of cash payment limitation of rs.20000, in following cases
1.entry tax paid at barrier rs.56000 cash
2. registration charges of vehicle to transport dept. rs.78000
3.shop registration charges along with stamp paper charges rs 425000
1.entry tax paid at barrier rs.56000 cash
2. registration charges of vehicle to transport dept. rs.78000
3.shop registration charges along with stamp paper charges rs 425000
09 March 2011
All these expenses are paid to govt. hence those are exempted from the preview of section 40A(3) of The Income Tax Act. Moreover shop registration charges is a capital expense.
10 March 2011
but it is given in law that if cash expenses paid for purchasing of a depriciable asset , the act will not allow its depriciation proportionate to its cash expenditure??????reply
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
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
