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capital expenditure in cash
if an assests is purchased in cash for mre than rs10000 in day , the same is allowed in IT act 1961 or not???
Replies (5)
It is not allowed, you cannot capitalized the same in books for which cash paid exceeds Rs.10000
under srction???
under section 40A(3)
under section???
Ashwini Ballodia explanation correct and good.
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