Existing (Financial Year 2016 - 2017 or AY 2017-18)

  • Cash Payments > 20000 are disallowed under Section 40(a)
  • This applies to only OPEX (Operating Expenses)
  • Not applicable to CAPEX (Purchase of Fixed Assets)

New(Financial Year 2017 - 2018 or AY 2018-19)

  • Cash Payments>10000 are disallowed under Section 40(a)
  • In case of fixed assets(CAPEX) purchased in cash more than 10000, depreciation will not be charge on it.
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.