can we purchase capital goods in cash and if the company purchase in cash.
what will be the penalty
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provision regarding capital goods purchased in cash
Replies (9)
Depreciation will not be allowed if cash payment exceeds Rs 10,000/-. Second Proviso to section 43(1)
ye provision last year tk to applicable tha but kya ye 10000/- ki limit me bhi appliacable hoga
This provision was inserted vide Finance Act 2017 from A.Y 2018-19.
New section of 269T regarding cash transaction of Rs.200000/- is also appicable on expenses
269T is regarding repayment of loans or deposits.
sorry sir i mean a new section is inserted regarding cash transaction of Rs.2.00 lakh nd above.
and i have a doubt ki ye only receipts ke case me applicable h ya receipt aur payment doni me g
and i have a doubt ki ye only receipts ke case me applicable h ya receipt aur payment doni me g
sorry sir i mean a new section is inserted regarding cash transaction of Rs.2.00 lakh nd above.
and i have a doubt ki ye only receipts ke case me applicable h ya receipt aur payment doni me g
and i have a doubt ki ye only receipts ke case me applicable h ya receipt aur payment doni me g
269ST is restriction on receiver so corresponding penalty u/s 271DA is on receipent.
okk thanku Tarun ji
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