Question ID :
40420
Payment in parts
A person purchases Fixed asset value 19000- but makes cash payment 10000- on date of purchase and 9000 on next day. Whether this is ok for income tax .
Posted by
Mahesh Kumar
on
Oct 06, 2019
Filed Under
DIRECT TAXES
OK. Expenditure will not be disallowed under 40A(3) being a capital expenditure.
Posted by
B.CHACKRAPANI WARRIER on
Oct 13, 2019