depreciation
arzoo gupta (student) (64 Points)
20 July 2018
if asset is purchased in cash for above 10000 what will be the affect on depreciation for f.y 17-18
arzoo gupta (student) (64 Points)
20 July 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 20 July 2018
Any expenditure made above 10k is disallowed to be claimed as expenditure u/s40(a)(3) and hence no depreciation can be claimed on such expense.
rama krishnan
(12234 Points)
Replied 20 July 2018
rixuloie
(CEO)
(22 Points)
Replied 21 July 2018
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