Construction of hospital expenses cash mode payment

A doctor sec 44ab tax audit it returns filed every year in own hospital.but doctor another new hospital construction started f.y.22-23.
some construction expenses payment through on bank mode value rs:95 lacs
payment some construction expenses payment through on cash mode (rs:10,000/- above limit per day) amount rs:5 lacs
question:
assessess construction expenses show value in balance sheet rs:95 lacs or 1 crores.
Replies (2)
Quick Summary
This discussion addresses how to report hospital construction expenses on the balance sheet, specifically when payments are made through both bank transfers and cash. The core question revolves around whether to include expenses paid in cash, particularly those exceeding the daily limit, and how this impacts the capitalised cost of the asset and subsequent depreciation calculations.

Lower amount...                 

Capital expenses made in excess of 10000 has to be reduced from the cost of fixed asset to compute depreciation

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details