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Honda activa
activa purchase in cash 67 thousand in single payment but use for business can we claim depreciation and answer is no den we are liable to show in fixed assets or capital
Replies (4)
Quick Summary
But the payment can be disallowed as it exceeds 10000 rupees in cash. Depreciation can be claimed
Since payment is disallowed, it is not worth purchasing in cash. Better to pay by DD or Pay Order or net banking.
Kindly show your payments in multiple days to claim depreciation as per the provisions of Income tax act.
but since you have purchased a Honda from showroom it is not possible to show payment in multiple days.
but since you have purchased a Honda from showroom it is not possible to show payment in multiple days.
Yes you can claim
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