banner_ad

Cash purchase of fire wood for factory

552 views 2 replies

Dear sir

we have purchase some firewood for last year 2017 -18 by various cash bills and each value of cash bill  is about 1 lakh we wish to know this purchase is right as per income tax provision of limit of cash purchase or wrong. Pl suggest 

Suresh

Replies (2)
cash purchase in excess of rs 10000 made is disallowed as per sec 40A(3)
though their are certain exception but for purchase of fire wood is not covered under exception list
hence it is disallowed

Ok sir, Can I sell my 12 year Old Car in Cash @ 150000.00(. It is in Indivisual name but taking depreciation in Proprietorship firm.)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details