Sec 40 a (3)

Is depreciation disallowed if an asset purchased more than 10000..?
Replies (3)
Quick Summary
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.

Yes if cash payment make for any purchase of asset then that amount will not be considered for depreciation.
Yes.... I agreed to Ms Roshni.
Thank you!

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