≡ ⇑ Register / Login
Let us know your doubts and queries in section down below.
Also, if you can solve the other person’s doubt and queries, then it will be a great help to all the people troubling out.
Sir,
I.t. assess construction for commerical building new strated in f.y.2019-2020
Construction expenses detailes mentioned below.
1.some construction expenses Rs.5 lacs payment cash mode.( Above 10 thousand limit)
2. Some construction expenses Rs.12 lacs payment bank account payee mode.
Total cash and bank mode construction expenses Rs.17 lacs in f.y.2019-2020.
Question:
Construction expenses value Rs.12 lacs or 17 lacs amount show in balance sheet in f.y.2019-2020 and cash mode expenses depreciation claimed eligible.
Sir, cash expenses above Rs 10,000 per day will be disallowed.
Disclaimer : Don’t Forget to subscribe your query. If you donot find Mail from BabaTax, Kindly Check your promotion or spam mail inbox. Thank you for being a part of this GST forum. Your support and time is precious for us. Stay connected with us.
For any kind of support kindly write us at support@babatax.com.
Any mistake, error or discrepancy in this site or design or comments to be brought in our notice which shall be taken care of accordingly and every efforts shall be made to rectify without loss of time.
The views expressed in the answers of GST forum queries are strictly personal. Contents of GST forum are solely for informational purpose, not for any professional advice or suggestion. Author does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.
You agree that www.babatax.com has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any such third party.