section 35AD

160 views 2 replies
User Avatar

24 Points Joined April 2019
can fixed assets be purchased at any time for specified buisness?
1 Reply Share Follow
On 08 June 2019 at 19:57 Report
Replies (2)
User Avatar

ca.umesh11@gmail.com
1465 Points Joined October 2007

yes, but depreciation not allowed

Reply
On 08 June 2019 at 20:09
User Avatar

8 Points Joined February 2019
yes, and you will be able to get 100% cost deduction of the asset and so you will not be able to get depreciation on that asset.
Reply
On 08 June 2019 at 20:43


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading