Construction expenses

Assess sec 44ab audit I .t return filed person.assess construction expenses of commercial building details mentioned below.
some Construction expenses Rs:4 lacs payment through on cash mode(Rs:10,000 limit above per day)
some Construction expenses Rs:8 lacs payment through on bank mode.
total construction expenses Rs:12 lacs
question:
Assess construction expenses value rs:8 or 12 lacs in books and depreciation claimed producer
Replies (2)
Quick Summary
This discussion clarifies how to treat construction expenses for tax purposes, particularly when payments are made in cash and via bank transfer. It highlights that cash payments exceeding the daily limit may not be capitalised, affecting the total deductible amount and depreciation claims under Section 43B of tax law.

12 Lacs......
Construction expenses has to be taken as 8 lakhs and depreciation to be claimed for only 8 lakhs and 4 lakhs cash expenses cannot be capitalized in view of second proviso to section 43B

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details