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Pgbp depreciation

Crct detailed answer

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kick buttowski

kick buttowski

CA Inter

380

15-Feb-20

68

Answers (1)

As per sec 40(a)(3)...cash Payment above 10,000 is disallowed expenses....So payment of 10,000 and 20,000 is only allowable .... Furniture - rate of depreciation is 10%. Therefore depreciation u/s 32 is 10% of 30,000 .Ie.3,000.


george joseph

george joseph

CA Final

5K+

16-Feb-20

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