Sandeep Jain (Pivate) (1184 Points)
23 September 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14163 Points)
Replied 23 September 2022
As per section 43(1) of the Income tax act, Cash purchase of an asset for more than 10000/-, depreciation is disallowed. please refer section 43(1) for more details.
prasad Nilugal
( GST Practitioner & Accounts )
(14163 Points)
Replied 23 September 2022
Please wait for others Opinion or take others opinion as well
sabyasachi mukherjee
(26037 Points)
Replied 26 September 2022
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