Sec 40 a (3)

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41 Points Posted on 11 February 2020
Is depreciation disallowed if an asset purchased more than 10000..?
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On 11 February 2020 at 10:38 Report
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This discussion clarifies the application of Section 40 a (3) regarding depreciation. It confirms that if an asset exceeding £10,000 is purchased using cash, the amount paid will not be considered for depreciation purposes. This rule applies specifically to cash transactions for such assets.

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Studwnt
1141 Points Posted on 11 February 2020
Yes if cash payment make for any purchase of asset then that amount will not be considered for depreciation.
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On 11 February 2020 at 15:49
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"Do the Right Thing...!!!"
128162 Points Posted on 11 February 2020
Yes.... I agreed to Ms Roshni.
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On 11 February 2020 at 18:13
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41 Points Posted on 11 February 2020
Thank you!
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On 11 February 2020 at 20:58

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