Since payment of Rs. three,50,000/- is created by cash, it shall not be regarded as A part of genuine expense of plant and equipment. The particular price of plant and machinery shall be taken to become NIL and NIL shall be included to WDV of Block of property.
Month-to-month charge waived whenever you receive a payroll or authorities Added benefits immediate deposit during the preceding month to month assertion period. Or else $five each month.
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The language of the 2nd proviso is “where the assessee incurs any expenditure in regard of which payments or combination payments created to an individual in every day exceed ten thousand rupees, these kinds of expenditure shall be ignored for your functions of willpower of true Expense.”
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