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Direct Taxation
Crct detailed answer
kick buttowski
CA Inter
★ 535
15-Feb-20 21:07
423
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
CA Final
★ 5K+
16-Feb-20 04:36