Reckoner font free download

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Dunkin by Pixel Sagas. Crystal Universe by MaxiGamer. Company X makes payment to transport operator of Rs. Whether same will be allowed as deduction? As per Sec. In this case deduction will be allowed. Date wise change in Limit under section 40A 3A Rs.

Under the existing provisions of the Act, revenue expenditure incurred in cash exceeding certain monetary threshold is not allowable as per sub-section 3 of section 40A of the Act except in specified circumstances as referred to in Rule 6DD of the Income-tax Rules, However, there is no provision to disallow the capital expenditure incurred in cash.

Further, section 35AD of the Act , inter-alia provides for investment linked deduction on the amount capital expenditure incurred, wholly or exclusively for the purposes of business, during the previous year for a specified business except capital expenditure incurred for acquisition of any land or goodwill or financial instrument.

In order to discourage cash transactions even for capital expenditure, it is proposed to amend the provisions of section 43 of the Act to provide that where an assessee incurs any expenditure for acquisition of any asset in respect which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft or use of electronic clearing system through a bank account, exceeds ten thousand rupees, such expenditure shall be ignored for the purposes of determination of actual cost of such asset.

It is further proposed to amend section 35AD of the Act to provide that any expenditure in respect of which payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or an account payee bank draft or use of electronic clearing system through a bank account, exceeds ten thousand rupees, no deduction shall be allowed in respect of such expenditure.

In section 43 of the Income-tax Act, in clause 1 , with effect from the 1st day of April, ,—. A sells his personal Innova car to Y for Rs. Yes Son receives gift Rs. No Mixed Example. A receives cash payment of Rs. A for Rs. A to report Rs. Ltd expense of Rs.

A takes loan of Rs. No ,As per Circular No. Unknown September 6, at PM. Kamal Kashyap November 11, at PM. Unknown April 25, at PM. Anonymous March 9, at AM.

Unknown March 21, at AM. Anonymous January 1, at PM. Anonymous June 24, at PM. Unknown September 13, at PM.