40A(3)

Dear Moin,

Purchase of asset is a capital expenditure,It is not debited to Profit & Loss Account so the question of disallowance u/s 40 A(3) does not arise.

Regards,

Fatema

True... Even if 100% depreciation is allowable in the first year, or it is a Scintific Research Asset.. It will not be an expenditure and thus it cannot bge disalowed U/s 40A(3)

i agree......

AGREED WITH EXPERTS

accept with the experts views above

agree wid fatema & ashish......

purchase of capital assets is outside the purview of 40(A)(3) 

section 40 (A) (3) of Income Tax act 1961 does not applies to purchase of capital goods

thanks  To All  of  You.

i agree

i agree