if fixed asset is purchased by cash then how depreciation is applied under income tax act
Menu
sec 40a(3) regarding fixed assets
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)
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
