Menu
Can i buy fixed assets costing more than 20k by cash ?
Can I purchase fixed assets or contribute capital in cash ? if I pay more than 20k in cash for expenses incurred it will be disallowed. In case of fixed assets and capital contribution there is no question of disallowance.
are there any other implication ?
Replies (2)
Yes. But the payments have to deferred in several dates subject to a max of Rs. 20,000/- per day.
Why shouldn't I pay more than 20k in a day to purchase fixed assets ?
Recent Topics :
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
Related Topics :
CAclubindia
