Check sibling questions

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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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.