Dear Sir,
we have purchase fixed assets in cash invoice value Rs.14325 can we Claim deperication. Kindly advise
Menu
Fixed assets Cash purchase
Replies (4)
Quick Summary
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.
Thank you
Please wait for others Opinion or take others opinion as well
Fixed asset cash purchase not possible sec 43(1)
Recent Topics :
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
Related Topics :
CAclubindia
