Cash payment more than 20,000 for purchase of assets in a proprietorship
Allowable ? under IT
1 Replies
Kuldipsinh Jadeja
(Job)
(357 Points)
Replied 29 June 2015
Section 40A(3) does not cover Capital Expenditure and hence cash payment is allowed.
Recent Topics
- Where can i Declare landlord share in GSTR-1
- Change of name on physical share certificates of P
- Workmen compensation insurance policy
- GST Revenue at All-Time High - A Genuine Growth or
- TDS On Purchase of Property by Firm
- Gst missing invoice in return
- Discuss and Download CA Inter Question Paper May 2
- Discuss and Download CA Final Question Paper May 2
- Issues On TDS Amount On Payment Of- Last Installme
- Looking for Help with Business Registration
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
