Tag Archives: Amendment of section 35AD income tax finance bill 2017

Disallowance of cash payments for capital Asset / expenditure w.e.f 01.04.2017

By | February 3, 2017

No cash payments for capital Asset / capital expenditure Summary  :As per Finance Bill 2017  w.e.f 01.04.2017 i.e FY 2017-18 (AY 2018-19)  it has been proposed that any cash payments of capital expenditure above Rs 10,000 shall not be considered to determine actual cost of asset under Section 43(1). Similarly, no deductions shall be available under… Read More »