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tax queries

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(Querist)
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
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CA Parvin Ahuja

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CA Parvin Ahuja (Expert)
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.
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manik

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manik (Querist)
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
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