section 35AD
Nishant Saki (24 Points)
08 June 2019
can fixed assets be purchased at any time for specified buisness?
2 Replies
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 08 June 2019
yes, but depreciation not allowed
Adarsh Choudhury
(8 Points)
Replied 08 June 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.
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