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sec 40a(3) regarding fixed assets

Page no : 2

arunkumar (ca ipcc group 1 passed) (40 Points)
Replied 16 June 2012

if  fixed asset is purchased by cash then  how depreciation is applied under income tax act

sanket (xyz) (22 Points)
Replied 10 November 2016

Sir if i pirchase asset u/s 35 for scientific reasearch on cash payment of 50000 then will it be allowed as deduction or disallowed as per sec 40A(3)

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